Google Loses $500bn Amid AI Challenges to Search Business
Alphabet, Google's parent company, lost $500 billion in market value on October 29 after disappointing quarterly earnings. Google's ad revenue growth slowed to 11% year-on-year from July to September, the slowest in five quarters. Despite strong cloud performance, investors worry AI-driven changes in Google search could threaten its advertising dominance, with Meta poised to surpass it.
HT Business·


