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A WebmasterWorld thread has an AdSense publisher saying that Google has changed the AdSense ads label from Google Ads to read Privacy Info.
We had a similar change in the US in 2011 when Google changed most the ads from "Ads by Google" to "Ad Choices".
But European users believe this change revolves around the European cookie law.
One publisher in Germany said in the thread the ads are now labeled "Datenschutzinfo" instead of "Google-Anzeigen." Datenschutzinfo means privacy information.
Have you seen this changes? I was in Germany yesterday but now I am back in New York, so I can't easily check.
Update: @oceparx sent me a picture:
Forum discussion at WebmasterWorld.
