alt Hacker News> It's effectively dead today, and while it was dominant, Google abused it to get people to view and link to their cached copies of AMP pages, rather than the original site.
That was the entire point of the tech. If Google had wanted they could have upranked simple and lightweight websites but they didn’t do that (at least not until whoever had used amp for their promo package left and the project was killed).
There were also quite a lot of examples where AMP pages were slower after the shift, but got ranked significantly higher. It definitely wasn't about speed, they already have that project and they could just listen to it.
AMP was just one of many smash-and-grab attempts to steal the internet, wrapped in a fake-gold-encrusted PR-infused box. Google has quite a lot of them.