Tag: stock price plunges

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Google Eats Its Own Tail (and Profits) With AI Summaries as Stock Price Plunges

March 21, 2015 | Gizmodo AI
Google Eats Its Own Tail (and Profits) With AI Summaries as Stock Price Plunges
Big tech firms have poured an infinite amount of money into artificial intelligence development and rolled out tools without any consideration as to whether consumers actually want them or not, all based on the theory that eventually they’ll figure out how to turn a profit. Instead, early returns seem to suggest they’ve simply figured out a way to eat their own profits without an obvious way to replace that revenue stream. That is at least the case for Goo