Friday, October 30, 2026

Investors in AI Race Spooked after Google Value Drops $500bn | BBC News

Oct 30, 2026 | Google owner Alphabet lost just over $500bn (£374bn) in value after it revealed its artificial intelligence (AI) summaries on search were affecting ad revenue.

While their total revenue grew by 25% compared to last year, Google’s stock hit a six-month low on Thursday, falling by almost 13%.

Shares in Amazon and Microsoft also took a hit, but both tech giants joined Google in plans to continue investing in an ongoing AI race.