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Google value plunges $500bn after AI search eats into ad sales | BBC News

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Google owner Alphabet lost just over $500bn (£374bn) in value after it revealed its artificial intelligence (AI) summaries on search were affecting ad revenue. While their total revenue grew by 25% compared to last year, Google’s stock hit a six-month low on Thursday, falling by almost 13%. Shares in Amazon and Microsoft also took a hit, but both tech giants joined Google in plans to continue investing in an ongoing AI race. #Google #Alphabet #AI #Markets #BBCNews Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or visit BBC.com/news #Google…

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Google value plunges $500bn after AI search eats into ad sales | BBC News

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