Google is turning the local knowledge panels, your Google Business Profile, into an AI Overview listing. At the top of the local listing it says "AI Overview" and then there is a "Show more" button to expand, which brings you into the follow up AI Mode style chat interface.
I think Google has been testing variations of this for a while now, but after Ben Fisher posted this on LinkedIn, I was also able to replicate the experience myself. I am honestly not a fan of this, but I know Google is AIing every experience, so I am not surprised.
Here is a static screenshot; notice the AI Overview label at the top and the Show more button below:
Then here it is as a GIF in action:
While most of it is correct, the niche solutions is a tad old but I can't blame the AI because the content on my corporate site is super old as well. I really need to write more about what we are doing there because it is pretty outdated. :) In any event, I am not sure I want AI describing my business, when I can.
Forum discussion at LinkedIn.