AI Overview
Large technology companies are spending heavily on artificial intelligence (AI) while markets react nervously to what that spending does to their results. Alphabet, the parent company of Google, lost more than $500 billion in market value in a single day after publishing its latest quarterly results, according to Onlinekhabar. Its quarterly revenue rose 25 percent from a year earlier to $127.6 billion, but its profit for the quarter fell 25 percent. Investors grew concerned after the company disclosed that AI-generated summaries in Google Search were affecting its advertising income, the outlet reported.
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