Alphabet value plunges by $500bn as AI fears rattle Wall Street
Executive Intelligence Dispatch
Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on its business operations. Google spooked investors so badly that its stock hit a six-month low, after.
Key Facts & Findings
- —Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on its business operations.
- —Google spooked investors so badly that its stock hit a six-month low, after it revealed its artificial intelligence (AI) summaries on search were affecting ad revenue.
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Alphabet value plunges by $500bn as AI fears rattle Wall Street
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