Google Erases a Record $500 Billion as AI Eats into Sales

Alphabet Inc.’s shares fell more than 13%, erasing more than $500 billion in its biggest-ever market plunge, after the company reported disappointing search and advertising sales that reinforced investor concerns about AI’s threat to its core business.

Read the full story at Bloomberg AI ↗

Timeline · 1 report

2026-10-28 20:06 · Bloomberg AI
Google Erases a Record $500 Billion as AI Eats into Sales

More stories

8 examples of Gemini 4 Argon in action — Google Gemini Blog
Google AI gets cagey when asked who won the 2020 elections — Ars Technica AI
Dive into new topics with immersive explorations in the Gemini app. — Google Gemini Blog
As AI agents reshape the web, Google opens Gemini and Search to more apps — TechCrunch AI
XREAL AURA: Wired XR glasses to watch, work, and play — Google Gemini Blog
Eric Schmidt says China is now just 6 months behind the U.S. in AI — Fast Company AI
Google’s AI Mode won’t say Biden won the 2020 election in the U.S. But in other countries, it’s a different story — Fast Company AI
DeepMind unveils Genie 4 world model promising more realistic physics and humans — Ars Technica AI

Get the daily brief of stories like this at 6:30 every morning →