Under what bidding model does LinkedIn automatically adjust bids to optimize for either maximum clicks or impressions within a defined budget?

LinkedIn's 'Automated Bidding' model automatically adjusts bids to optimize for either maximum clicks or impressions within a defined budget. When using Automated Bidding, you set a daily or lifetime budget, and LinkedIn's algorithm automatically sets bids in real-time to achieve the most clicks (if the objective is website traffic or engagement) or the most impressions (if the objective is brand awareness) possible within that budget. This bidding strategy removes the need for manual bid adjustments and is suitable for advertisers who want to maximize reach or website traffic without actively managing bids. However, it gives less control over the specific cost per click (CPC) or cost per impression (CPM) than manual bidding. The algorithm continuously learns and adjusts bids based on campaign performance, audience characteristics, and competitive landscape to maximize efficiency. It is important to note that while it aims for maximum results, it does not guarantee a specific CPC or CPM.