Alphabet loses $500 billion market value as AI search slows revenue growth
Briefing by News4U · First published
The Register reported that Alphabet lost roughly $500 billion in market value after Google’s search revenue growth slowed from 17 percent in Q2 to 12 percent in Q3, attributing the deceleration to lower monetization of AI Overviews and AI Mode despite record year-over-year search query growth. [1]
Sources
- Google's search revenue Ferrari hits an AI-powered speed bump
The Register · · Excerpt