Microsoft's assault combined with concerns about Google's ability to ward it off hammered its corporate parent, Alphabet Inc., whose stock price plunged nearly 8% Wednesday in a selloff that wiped out about $100 billion in shareholder wealth.
It marked the steepest one-day decline since October when an Alphabet earnings report disclosed a slowdown in digital ad revenue that rattled investors. Those concerns have escalated since another report released last week revealed Google's ad sales during the holiday-season quarter fell from the same time in the previous year.
Wednesday's downturn came after Google elaborated on its plans for a chatbot dubbed "Bard" during an uninspiring presentation that included inaccurate information about space exploration. It contrasted with a much more polished and well-reviewed showcase of Microsoft's plans to incorporate an already popular chatbot, ChatGPT, into its Bing search engine - long a distant second to Google's de facto gateway to the internet.
Denne historien er fra February 11, 2023-utgaven av Techlife News.
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Denne historien er fra February 11, 2023-utgaven av Techlife News.
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SOUTH KOREA FINES META $15 MILLION FOR ILLEGALLY COLLECTING INFORMATION ON FACEBOOK USERS
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CHINESE ONLINE RETAILER TEMU FACES EUROPEAN UNION INVESTIGATION INTO ROGUE TRADERS AND ILLEGAL GOODS
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NEW CEO AT CVS BEGINS TO BUILD HIS TEAM WITH A GOAL OF REVIVING THE STRUGGLING HEALTH CARE GIANT
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NINTENDO REPORTS LOWER PROFITS AS DEMAND DROPS FOR ITS AGING SWITCH CONSOLE
Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.
AS THE DATA CENTER INDUSTRY BOOMS, AN ENGLISH VILLAGE BECOMES A BATTLEGROUND
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GOOGLE MAPS ADDS AI FEATURES TO HELP USERS EXPLORE AND NAVIGATE THE WORLD AROUND THEM
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