Google CEO Sundar Pichai speaks during a Google I/O event. Alphabet shares plunged after disappointing quarterly earnings and concerns about the cost of expanding its AI operations.
Business
Alphabet loses Sh64.5 trillion in market value as AI spending fears hit shares
The revenue figure fell short of Wall Street expectations, triggering concerns about whether the company's rapidly expanding AI operations will generate sufficient returns to justify its enormous infrastructure spending
Chrispho Owuor