adOct 30, 2026, 10:49

We are Googling less due to new chatbots, major tech companies take a hit on the stock market

Google's parent company, Alphabet, suffered a record-breaking stock market decline as the rise of AI chatbots reduces traditional search engine usage and advertising revenue. In response, Google plans to integrate advertisements into its AI-generated search results while facing intense pressure from global technological competition.

Alphabet, the parent company of Google, experienced its largest stock market decline in history this week, losing more than 12 percent of its value and evaporating 500 billion dollars in market capitalization. Investors are concerned about the financial impact of artificial intelligence, as users increasingly shift from traditional search engines to AI chatbots like ChatGPT. This transition has led to reduced advertising revenue, as AI-generated results occupy significant space on search pages and receive fewer clicks than traditional sponsored links.

Despite the negative financial impact on its core search business, Google CEO Sundar Pichai remains committed to integrating AI across the platform. The company plans to introduce advertisements within AI-generated search results in several countries, including Australia, Canada, and India, with further expansion expected in the United Kingdom and Mexico. While AI has bolstered revenue in Google's cloud division, the company faces mounting competitive pressure from both domestic tech rivals and international competitors like the Chinese firm DeepSeek. These developments have caused broader volatility across the tech sector, impacting companies like Nvidia and Palantir.

Economy Business Technology Netherlands

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

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