Google shares hit six-month low as AI search summaries weigh on ad revenue

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Alphabet's Google saw its stock fall to a six-month low after disclosing that its AI-generated search summaries were affecting advertising revenue. Investors reacted sharply to the admission, which raised concerns about the financial impact of AI features on its core business. The sell-off reportedly erased roughly $500 billion from the company's market value. The development highlights growing investor anxiety over how generative AI may reshape the search and advertising market.

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Binance halts withdrawals after suspected hack; billions in crypto reportedly stolen

Binance, the world's largest cryptocurrency exchange, was hit by a cyberattack on Thursday. Some estimates suggest hackers stole billions of dollars' worth of crypto during the breach. In response, the exchange has paused withdrawals while the incident is investigated. The article notes that the figures are estimates and that the full scope of losses has not been confirmed.

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TechnologyThe Verge ·

Reddit CEO Says Google's AI Mode Does Not Drive Traffic to Sites

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TechnologyTechCrunch ·

Putin praises Musk as a genius and says the two are in close contact over Russia's satellite project

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TechnologyTechCrunch ·

Amazon's cloud revenue surges, but overall results fall short of expectations

Amazon reported strong growth in its cloud computing business, which drove much of its performance. However, the company's results otherwise missed analyst expectations. The most notable setback was negative free cash flow of $2.4 billion. The article provides limited additional detail beyond these points.

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