{"id":39620,"date":"2024-03-09T19:50:03","date_gmt":"2024-03-09T19:50:03","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion"},"modified":"2024-03-09T20:09:30","modified_gmt":"2024-03-09T20:09:30","slug":"alphabets-market-value-to-take-a-dive-at-us90-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion","title":{"rendered":"Alphabet\u2019s market value to take a dive at US$90 billion"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Alphabet, the parent company of Google, plummeted by around $90 billion on Monday, triggered by mounting concerns surrounding the company\u2019s generative artificial intelligence (AI) product. The controversy surrounding Google\u2019s Gemini AI service has cast a shadow over Alphabet, impacting its stock performance on Wall Street.<\/p>\n

Alphabet\u2019s stock (GOOGL) experienced a substantial 4.5% decline, closing at $138.75 on Monday, marking its lowest price since January 5 and marking the second-largest daily loss over the past year, Forbes first reported.<\/p>\n

This downturn follows a series of issues related to Google\u2019s Gemini AI service, including the generation of racially inaccurate images of historical figures and a chatbot\u2019s refusal to distinguish the more negatively impactful historical figure between Adolf Hitler and Elon Musk.<\/p>\n

In response to these concerns, Google acknowledged that it had \u201cmissed the mark\u201d in the initial rollout of Gemini and consequently took its AI image service offline for the upcoming weeks.<\/p>\n

Alphabet\u2019s market value decline occurred against the backdrop of relatively stable major stock indexes, making it the most significant percentage drop among S&P 500 constituents with a market capitalization exceeding $50 billion.<\/p>\n

More insight There are concerns over the brand reputation of Google particularly if it is perceived as an unreliable source for AI, it could adversely impact the company\u2019s standing among a portion of the population.<\/p>\n

Also, suggestions point to the fact that Alphabet\u2019s recent entanglement in cultural debates, fueled by controversies related to AI bias, could potentially challenge its dominant position in the online search market.<\/p>\n

As AI continues to play a growing role in online search functionalities, there are speculations that user concerns about Google\u2019s biases and hallucinations could erode the company\u2019s standing. Gemini\u2019s apparent bias adds to Alphabet\u2019s struggles in the AI competition, with Microsoft gaining prominence as a strong competitor.<\/p>\n

Alphabet\u2019s AI missteps have become a recurring theme, with the company famously losing over $100 billion in market capitalization last February on the day of the announcement of its AI chatbot service. The announcement included factual errors made by the service, contributing to a significant market value decline.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Alphabet, the parent company of Google, plummeted by around $90 billion on Monday, triggered by mounting concerns surrounding the company\u2019s generative artificial intelligence (AI) product. The controversy surrounding Google\u2019s Gemini AI service has cast a shadow over Alphabet, impacting its stock performance on Wall Street. Alphabet\u2019s stock (GOOGL) experienced a substantial 4.5% […]<\/p>\n","protected":false},"author":84,"featured_media":39619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,1863,241],"class_list":["post-39620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-google","tag-mauritius"],"yoast_head":"\nAlphabet\u2019s market value to take a dive at US$90 billion - Mauritius<\/title>\n<meta name=\"description\" content=\"Alphabet, the parent company of Google, plummeted by around $90 billion on Monday, triggered by mounting concerns surrou ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alphabet\u2019s market value to take a dive at US$90 billion\" \/>\n<meta property=\"og:description\" content=\"Alphabet, the parent company of Google, plummeted by around $90 billion on Monday, triggered by mounting concerns surrou ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-09T19:50:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-09T20:09:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/03\/sm_1710002297.402332.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Alphabet\u2019s market value to take a dive at US$90 billion\",\"datePublished\":\"2024-03-09T19:50:03+00:00\",\"dateModified\":\"2024-03-09T20:09:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\"},\"wordCount\":374,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/03\/sm_1710002297.402332.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Google\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/alphabets-market-value-to-take-a-dive-at-us90-billion\",\"name\":\"Alphabet\u2019s market value to take a dive at US$90 billion - 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