Google's parent company Alphabet has suffered a record stock market hit, wiping more than $500bn off its value in a single day. Shares plunged nearly 13% after investors reacted to concerns that Google's AI-powered search summaries could be eating into its lucrative advertising business. The sell-off came as tech giants face growing pressure to justify the enormous sums they're pouring into artificial intelligence. #google #AI #money #technology #news
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Google's parent company Alphabet has suffered a record stock market hit, wiping more than $500bn off its value in a single day. Shares plunged nearly 13% after investors reacted to concerns that Google's AI-powered search summaries could be eating into its lucrative advertising business. The sell-off came as tech giants face growing pressure to justify the enormous sums they're pouring into artificial intelligence. #google #AI #money #technology #news
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