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Mmastodon TechnologyTechnology first seen 2 d ago, last 2 d ago, peak #4

Google loses $500bn as AI search dents ad sales

Original: Google value plunges by $500bn as its own AI search hits ad sales https://www. bbc.com/news/articles/cm9qzdqp xy48o # ne

Google's market value has plunged by roughly $500 billion after its own AI-powered search features began eating into its advertising revenue, according to a BBC report. The company's move to summarise answers with artificial intelligence is reducing the number of clicks on ads, raising concerns about its core business model.

Why now: The scale of the loss shows AI threatening Google's main source of income, its ad business.

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