Tag Archives: headaches

Google’s Gemini Headaches Spur $90 Billion Selloff

Google’s Gemini Headaches Spur $90 Billion Selloff

Updated Feb 26, 2024, 04:14pm EST Topline Google parent Alphabet lost some $90 billion in market value Monday as controversy over the Silicon Valley giant’s generative artificial intelligence product made its way to Wall Street. significant headaches from his company’s generative AI chatbot. AFP via Getty Images Key Facts Shares of Alphabet fell 4.5% to $138.75 Monday, closing at its lowest price since Jan. 5 and registering its second-steepest daily loss of the last year. … Source link

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Google and Apple’s next regulatory headaches are looming across the Pacific

Apple’s commissions, for example, go as high as 30% on some purchases made through the company’s platform — and developers say they have little choice but to comply, since Apple does not allow customers to download apps from any source other than the company’s official store. Legislators have been reviewing an amendment to the Telecommunications Business Act, which would ban app store operators from “unfairly using their market position to force a certain manner of payment” upon businesses…. Source link

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