Investors are worried AI is eating Google’s search business. Alphabet shares fell nearly 13% after its third quarter report, erasing $475 billion in market value in a day, its worst day since going public. The stock has lost about $766 billion in October, its worst month on record. Is Wall Street too bearish on AI? Watch the full episode of In The Loop on YouTube.
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Investors are worried AI is eating Google’s search business. Alphabet shares fell nearly 13% after its third quarter report, erasing $475 billion in market value in a day, its worst day since going public. The stock has lost about $766 billion in October, its worst month on record. Is Wall Street too bearish on AI? Watch the full episode of In The Loop on YouTube.
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Coinbase CEO says AI agents could outnumber humans in the economy.
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Coinbase CEO @brian_armstrong calls for a "modern financial system" in a post on X, since we have flying cars."Financial services is a massive industry ... Agentic finance is projected to process $3-$5 trillion of transactions by 2030," Armstrong says. https://t.co/EvHK0njb16
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Palantir reported its Q3 earnings report with revenue of $2.313 billion. Palantir raised its full-year revenue outlook as its US commercial business surpassed its US government sales for the first time. #palantir #earnings #report #stockmarket #alexkarp
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