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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AUSTRALIA SHOULD DELAY SOCIAL MEDIA BAN FOR CHILDREN UNDER 16. BIG TECH SAYS
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APPLE AND GOOGLE FACE UK INVESTIGATION INTO MOBILE BROWSER DOMINANCE
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FEDERAL PROSECUTORS SEEK RECORDS FROM COMPANY THAT DEPLOYED AI WEAPONS SCANNER ON NYC SUBWAY
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RANSOMWARE ATTACK ON SOFTWARE SUPPLIER DISRUPTS OPERATIONS FOR STARBUCKS AND OTHER RETAILERS
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