Google has worst stock drop ever due to AI

[ThisGuyTony 36,085]

 

[Hadrian 3,029]

Google needs to join Enron.

[Junko Enoshima 4,956]

AND THE CROWD CHEERED AND CELEBRATED

[Onlygaga 1,867]

Good! Now I hope all giant companies and their CEOs start losing everything 

[jimmytimestep 2,979]

37 minutes ago, Onlygaga said:

Good! Now I hope all giant companies and their CEOs start losing everything 

sadly those regular every day americans with a 401k will lose it first

[DopeEnigma 1,885]

No T I would love to see all these large corporations fall like dominoes, it’s time everyday people had the cards again. 

[LaLa 19,946]

51 minutes ago, jimmytimestep said:

sadly those regular every day americans with a 401k will lose it first

right, like I want all this AI bullshit to crash and burn, but then I remember my measly retirement accounts are probably more tied up in everything than I like to think about 

[weed 79,614]

When Jesus sayyy yes, nobody can say no!
When Jesus saayy yes, nobody can say no ❤️🙏

[CautiousLurker 19,992]

[Duella Dvil 12,850]

6 minutes ago, CautiousLurker said:

1

2

1 2 3 4!!!

POOSAY PAWP!

PAWP!

POOSAY PAWP!

[Emvee 8,929]

Basically because they didn’t hit their revenue projections for their search engine, not anything really to do with the AI itself. More and more people are using AI and not actually using the search engine anymore. 
 

The internet is dying. The majority is endless video scrolling and AI chatbots owned by the worst people on the planet. 

[River 130,025]

Interscope next!! and then Michael can buy it just to buy Gaga's masters  just like how Gisney bought Fox just to get the X-Men back 

[Bronco 29,435]

We've hit the realistic limit of what is possible with the latest AI advancement due to the sheer costs involved & the resource constraints.

A market contraction is the obvious next step in the process. 

And then we're seeing a wider issue across the tech sector in the west where the cost of living crisis they've actively created through their political lobbying and manipulations are dragging down revenues for even the non-AI platforms like Roblox (which has seen a noticeable sustained drop in active player base).

[Bronco 29,435]

3 hours ago, Emvee said:

Basically because they didn’t hit their revenue projections for their search engine, not anything really to do with the AI itself. More and more people are using AI and not actually using the search engine anymore. 
 

The internet is dying. The majority is endless video scrolling and AI chatbots owned by the worst people on the planet. 

I mean, it is the AI itself arguably. 

The search engine revenue is predominantly derived from ad revenue - clicks = profit. 

Traditionally, the top 3 of the search were often paid placements.

The AI summary they put into the search engine effectively replaced the placements. And not just that, actively scraped information from the links (without generating clicks for google advertisers or traffic for the actual sites accessed) and presented it to you and then directed you into gemini for follow up questions. 

It's a butcher moving the meat to the back and promoting veganism in the shop front. You're actively killing your own business.

[Sneaky Oliver 23,132]

Is it possible that we’re on the verge of another cultural shift that’s going to demonize AI ?