On Tuesday Google announced that auctions conducted on search partner sites can utilize Smart Bidding rather than smart pricing once an advertiser has a conversion tracking set up.
Why is it important to you?
Google states that Smart Bidding can provide better performance since it includes contextual signals for optimizing bids for all auctions. Smart pricing, which has been utilized for manual bids for search partners, focuses on signals like keyboard lists or concepts which initiated the ad and the page type on which the ad was displayed.