Is AI starting to hurt Google’s core search business? That’s the big lingering question following the company’s third-quarter earnings. Google came out of the gates on Wednesday boasting that its year-over-year query growth rate was the highest in the last five years. It also saw a 12% increase in search revenue compared to this time
The global tech selloff is spilling beyond stock markets, prompting some of the AI boom’s biggest beneficiaries to rethink plans to raise money through public listings. On Friday, South Korean memory-chip giant SK Hynix said it was abandoning a review of a potential US initial public offering of its Solidigm subsidiary, citing market volatility and
South Korea’s stock market is bearing the brunt of a global AI selloff as investors question whether massive spending on the technology will pay off and worry that persistently high interest rates will make the boom more expensive to sustain. On Thursday, the benchmark Kospi index plunged 8%, while Samsung Electronics and memory-chip rival SK
Update: This story has been updated to reflect that ServiceNow says it is no longer in talks with Decagon. Buzzy AI agent startup Decagon could be the latest company swept up in a growing wave of AI dealmaking. The company, which was last valued at $4.5 billion earlier this year, has hired a bank to
The AI boom is soaking up investor cash, staving off a recession, and showing signs of faltering, David Rosenberg says. AI is “sapping the momentum out of the rest of business capital spending,” the veteran economist said during the latest episode of the “Excess Returns” podcast. Rosenberg estimated that 50% of all corporate investment is
Citrini Research, the market research firm that went viral for its futuristic AI doomsday scenario earlier this year, sees the rise of agentic threats boosting demand for cybersecurity. In a note published on Friday, Citrini shared its bullish thesis on the sector, noting that the rapid rise of AI capabilities means companies have a greater
