YouTube looks to be testing server-side ad injection to counter ad blockers
Briefly

YouTube is currently experimenting with server-side ad injection.
At a high-level, this should mean that the ad is now part of the video that's being streamed to your device instead of being delivered separately...
Server-side ad injection is a broader problem for full ad blockers, which YouTube has been working to counter through various means in the past year.
Read at 9to5Google
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