Business · 2 hours ago

Alphabet shares fall over 12% as Google's AI answers eat into search ad sales

Alphabet, Google's parent company, lost just over $500bn in market value on Thursday, dropping from $3.97 trillion to $3.46 trillion. Google's chief business officer Philipp Schindler said its conversational "AI mode" is cutting into money from ads placed beside traditional search results. Revenue still grew 25% to $127.6bn in the three months to September, but it fell short of what analysts had predicted.

By BriefTea Editorial · 31 October 2026 at 5:58

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