New York: (RightNow) Rapid advancements in artificial intelligence have dealt a major blow to Google, resulting in a market value loss exceeding $500 billion. Alphabet, Google’s parent company, has seen its share prices drop to their lowest in six months.

In a recent business update, Google reported that AI usage has impacted ad revenue from its search engine. Alphabet’s market value fell to $3.46 trillion on Thursday, despite a 25% increase in annual revenue.

Microsoft and Amazon are also facing financial concerns. Amazon’s revenue rose by 11%, but free cash flow turned negative at $42 billion. Microsoft reported a 500% increase in AI users.

Investors are now focusing on real financial gains rather than the future of AI, posing a challenge for Google, Amazon, and Microsoft. Experts say heavy investment in AI is becoming a significant issue for major tech companies.

It is noteworthy that the rapid development of artificial intelligence has created new opportunities in the business world. However, recent financial results indicate that investors are now prioritizing actual income and profits.