செயற்கை நுண்ணறிவு முதலீடுகளால் கூகுளின் சந்தை மதிப்பில் 500 பில்லியன் டொலருக்கும் அதிகமான வீழ்ச்சி!
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Ada Derana, Sri Lanka Mirror and Hiru News report that Google or its parent company, Alphabet, lost about $500 billion in market value on Thursday amid investor concerns about artificial intelligence. Sri Lanka Mirror says the decline followed Alphabet’s latest business update and that its shares reached a six-month low.
Sri Lanka Mirror reports that Alphabet’s quarterly revenue grew 25% year over year to $127.6 billion, while profits declined 25%. It says Google Cloud revenue rose 103% to nearly $31 billion, and that Alphabet recorded negative free cash flow of more than $9 billion—the second such instance in its history as a public company.
Sri Lanka Mirror attributes the cash-flow shortfall largely to increased AI investment. The outlet says Google’s search service now presents AI-generated summaries by default and that this affected the number of ads sold during the quarter. It describes search advertising as the largest part of Alphabet’s business.
Sri Lanka Mirror reports that Alphabet’s market value fell from $3.97 trillion the previous day to $3.46 trillion by Thursday’s close. It also says Microsoft and Amazon updated investors during the same week and, like Google, planned substantial spending in the AI race, while investors appeared concerned about the effects on growth in their established businesses.
Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.
Earlier coverage
Reports on the same subject from the months before this story.