Google sinks on a string of bad news
Google is currently down nearly 2% amid a flurry of bad news for the tech giant:
OpenAI CEO Sam Altman said Google’s much-touted Gemini 3 model “had less of an impact on our metrics than maybe we feared.”
Disney sent Google a cease and desist letter accusing it of infringing Disney’s copyrights after announcing a $1 billion investment in competitor OpenAI.
Waymo recalled basically all of its vehicles — 3,067 — for a software update to fix a high-profile problem they had with driving past stopped school buses.
The AI trade generally is struggling today after Oracle posted underwhelming earnings results yesterday.