Google fell approximately in premarket trading 2%, with the report attributing this to OpenAI advertising expansion and tight computing resources
BIBIBI
AT A GLANCE
The report stated that Google fell approximately in premarket trading 2%, while the market is monitoring OpenAI advertising expansion and pressure on Google's computing resource allocation.
Article
Tight computing capacity compounded by OpenAI competitors' advertising business expansion, Google fell approximately in premarket trading 2%According to BlockBeats,October 22, citing BIT(bit.com) market data, Google (GOOGL) fell approximately in premarket trading 2%.
On the news front,October 21 OpenAI announced the expansion of ChatGPT Ads to another 26 countries, bringing the total number of countries covered worldwide to 89 countries. It also disclosed that
more than 100000 advertisers have placed advertisements on the platform, and that the advertising business had reached August an annualized revenue run rate by 1000000000 USD. The market views “expanding OpenAI advertising business” as a direct competitive threat to Google.
In addition, Google is facing tight computing capacity. To AI reallocate resources for research and development, 2027 years of computing capacity are difficult to secure. Google CEO Sundar Pichai recently stated publicly that Google is reallocating computing resources, directing some computing capacity that could originally have been provided externally as cloud services toward frontier artificial intelligence technology research and development, willingly giving up some short-term cloud business revenue in the process, and concentrating on advancing AI technological innovation. Customers currently seeking to secure 2027 years of computing capacity will face considerable challenges.
Original link https://m.theblockbeats.info/flash/373222
Key points
01
BlockBeats cited BIT(bit.com) market data, stating that October 22 Google (GOOGL) fell approximately in premarket trading 2%。
02
The report stated that OpenAI in October 21 announced the expansion of ChatGPT Ads to another 26 countries, bringing the total number of countries covered worldwide to 89 countries.
03
The report stated that more than 100000 advertisers had placed advertisements on the ChatGPT Ads platform, and that its advertising business had August reached 1000000000 USD an annualized revenue run rate.
04
The report stated that the market views expanding OpenAI the advertising business as a direct competitive threat to Google.
05
Google CEO Sundar Pichai stated that Google is reallocating computing resources, directing some computing capacity that could originally have been provided externally as cloud services toward frontier artificial intelligence technology research and development, and is willing to give up some short-term cloud business revenue.
06
The report stated that customers seeking to secure 2027 years of computing capacity will face considerable challenges.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
In simple terms, the report believes Google is facing two pressures simultaneously:OpenAI is expanding its advertising business, which could lead it to compete with Google for the advertising market; Google is also diverting part of its cloud computing capacity toward AI research and development, which could reduce the computing capacity available externally in the short term. The approximately 2%decline in the premarket price is the market performance reported in the article, but the article does not prove that these two developments were the definite cause of the decline.
Why it matters to readers
Advertising and cloud services are both business areas highlighted in the report. If advertising competition intensifies or the cloud computing capacity available to customers decreases, the market may continue to focus on Google's short-term revenue performance and AI investment arrangements.
Beginners should distinguish between premarket fluctuations and performance during regular trading hours, and should also distinguish between market explanations proposed in a report and proven causal relationships; they may continue to monitor the company's official disclosures and subsequent share-price performance.
Risks and unknowns
The article did not include OpenAI an official announcement, and the data on the countries covered by ChatGPT Ads, the number of advertisers, and annualized revenue still require verification.
The article did not include official Google documents or a complete speech, and the allocation of computing resources and 2027 year resource situation still require verification.
Related Developments
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The report alone cannot confirm that OpenAI the expansion of the advertising business and Google's computing pressure caused the approximately 2%premarket decline.
The premarket decline came from BIT(bit.com) market data, and the article did not provide subsequent performance during regular trading hours.
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