Recently, due to Alphabet, the parent company of Google, reporting disappointing financial results, the market value of AI-related companies has evaporated by $1900 billion on the stock market. Investors have become cautious due to tech companies making excessive promises in AI without clear profit paths, which has impacted the stock prices of AI companies. Some analysts believe that the decline in the stock market marks the beginning of the AI revolution, while others worry that it is a warning sign of an overheated AI market.
Google's Poor Performance Causes $190 Billion Loss for AI Companies
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