Claims extracted
23
sentences that state something as happening or true
Uncertain
13%
3 of 23 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
BBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
26
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
- Published
Google parent Alphabet lost just over $500bn (£374bn) in value on Thursday after it rattled Wall Street with its last update of the year on its business operations.
asserted
it → publish → operations
Google spooked investors so badly that its stock hit a six-month low, after it revealed its artificial intelligence (AI) summaries on search were affecting ad revenue.
asserted
summaries → spook → revenue
Microsoft and Amazon also updated investors this week, and joined Google in plans to keep spending astronomical sums of cash in an ongoing AI race.
asserted
Microsoft → update → race
But investors appeared dismayed at the impacts these plans are having on the ability of each to keep growing their core lines of business.
asserted
plans → appear → business
Google AI is eating its core business - search
asserted
AI → eat → business
Total revenue grew 25% compared to last year, hitting $127.6bn.
asserted
revenue → grow → 127.6bn
It was buoyed by the ongoing success of Google Cloud, where revenue grew by 103% to almost $31bn.
asserted
revenue → buoy → 31bn
However, profits at the company fell by a considerable 25% during the quarter.
asserted
profits → fall → quarter
And for the second time in its history as a public company, it showed negative free cash flow, this time in excess of $9bn.
asserted
it → show → 9bn
That's almost twice the loss of cash Alphabet showed just three months ago.
asserted
Alphabet → show → cash
Cash flow represents the money a company retains after paying for operations and investments, meaning Alphabet is now spending more money than it is bringing in.
asserted
it → represent → money
That new level of spending is almost entirely dedicated to Google's AI investments.
asserted
level → dedicate → investments
By the end of Thursday, the company's total stock market value had fallen to $3.46 trillion from $3.97 trillion the day before.
asserted
value → fall → trillion
Google's omnipresent search engine now defaults to AI summaries of a person's query, and that hit the number of advertisements it was able to sell during the quarter.
asserted
it → default → quarter
The sale of ads that appear alongside Google Search results is the vast majority of Alphabet's business.
asserted
that → appear → business
Tracy Woo, a principal analyst at Forrester, said Alphabet's disappointing search business results "highlights the challenge of funding massive AI investments while maintaining the strength of established businesses."
Although Phillip Schindler, Google's chief business officer, said on Wednesday that he felt "very good about our trajectory" with an AI-focused version of the search engine, the company's stock fell by almost 13% on Thursday, its second lowest showing this year.
asserted
stock → say → Thursday
Investors not buying Amazon's trillion-dollar business hopes
Amazon's stock also took a hit on Thursday after it shared results that disappointed investors.
asserted
that → buy → investors
Shares of the company fell 6% in after hours stock trading.
asserted
Shares → fall → trading
Alongside quarterly sales growth of 11%, hitting $201bn, the company shared a staggering cash flow figure of negative $42bn.
asserted
company → hit → 42bn
That number shows that Amazon is not only spending more money than it makes, but that spending has increased six-fold over the span of three months.
asserted
spending → show → months
Chief executive Andy Jassey claimed the business was spending in part because it had the chance at, not one, but two businesses that could end up bringing in $1 trillion for Amazon the future.
uncertain
that → claim → Amazon
"There has never been a trillion dollar revenue business, and we may have two of them in the next 5-10 years."
uncertain
we → have → years
Jassy did not specify what two Amazon businesses those may be.
uncertain
those → specify → ?
The Aporia
