Google Loses $500bn in Value as AI Search Hits Ad Sales
Google's market value fell by about $500 billion, according to the BBC, as its own AI-powered search features cut into advertising sales. The report links the drop to Google's AI search tools reducing the money it earns from ads. For everyday users, it shows how AI can reshape the businesses behind the apps they use daily.
Quick glossaryGoogle, market value, AI search
- A US technology company, headquartered in California, best known for its search engine, Android phones and YouTube.
- market value
- The total worth of a company, calculated from the price of all its shares traded on the stock market.
- AI search
- Search tools that use artificial intelligence to write direct answers instead of only showing a list of web links.
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