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Myb News · Oct 29, 2026

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Google lost $500bn in value after its AI search summaries hurt ad sales Alphabet parent company saw profits fall 25 percent during the quarter. The tech giant is now spending more on AI investments than it brings in. Amazon also reported negative $42bn in cash flow as these massive companies bet their futures on AI. For the full story

*Google lost $500bn in value after its AI search summaries hurt ad sales* Alphabet parent company saw profits fall 25 percent during the quarter. The tech giant is now spending more on AI investments than it brings in. Amazon also reported negative $42bn in cash flow as these massive companies bet their futures on AI. *For the full story* https://mybnews.com/a/google-value-plunges-by-500bn-as-ai-spending-rattles-wall-street

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