Technology shares fell sharply around the world Tuesday as investors questioned whether AI spending will produce profits that justify lofty valuations. SpaceX, chipmakers and memory stocks led the declines, while inflation and interest-rate concerns added pressure.
Posts tagged as “Samsung”
The U.S. government is launching a major antitrust trial against Google on Tuesday, alleging that the search engine has illegally paid billions of dollars to companies to make it the default choice, blocked out competitors, and used its dominance to charge higher prices for advertisers. The trial will determine if Google has broken the law and what steps should be taken to rein in the company, with the results potentially having a major impact on the search engine industry.
Google is developing a new AI-powered search engine called Project Magi to compete with Microsoft's Bing, which is powered by generative AI technology. Google is also making changes to its existing search engine to make it more AI-friendly, introducing features such as natural language processing. Industry analysts are closely watching Google's efforts to stay ahead of the competition and ensure its search engine remains the go-to choice for users.