Tech companies came under fresh pressure after a series of earnings misses renewed investor concerns about the costs and returns linked to artificial intelligence.
The latest announcements came a day after Google parent Alphabet reported softer growth in revenue from advertising and its search business.
The results have added to worries in the market that big tech firms may need to spend heavily on AI without seeing immediate gains, though no further details were provided in the input.
Source / Attribution: The Hindu
Alphabet shares dropped 12.64% on Thursday, marking a record fall for the Google parent company and erasing about $482 billion in market value. The decline came after the…
AI companies are working on a new way to help publishers block certain web crawlers that collect online data, according to the provided update. The move is aimed at giving website…
Lava is set to increase the prices of its smartphones by up to ₹3,000, according to the information provided. The Indian smartphone maker has been catering to the sub-₹30,000…
Jury selection began on Wednesday in a new social media trial, according to the update provided. The case now moves forward with Snap as the sole defendant after Meta settled, the…
