Google’s market value fell by $500bn after investors reacted to the company’s disclosure that AI-generated summaries in its search service were affecting advertising revenue.
The reaction sent Google’s stock to a six-month low, as concerns about the impact of artificial intelligence on the company’s search advertising business unsettled Wall Street.
The disclosure has raised fears among investors that the introduction of AI search summaries could alter how users interact with search results and affect the revenue generated from advertising. The supplied information does not provide further details about the scale or nature of that impact.
Google’s falling share price reflects the immediate investor response to the company’s comments. No further information on the company’s next steps or the longer-term consequences was provided.
