finance.yahoo.com

Alphabet Shares Fall as OpenAI Ad Run Rate Hits $1 Billion

Alphabet (Google) logoAlphabet (Google)
Sig1.45Sen-3.10Env0.00Soc0.00Gov0.00

Alphabet shares dropped about 3.7% to $333.70 as OpenAI’s digital advertising expanded rapidly. ChatGPT Ads reached an annualized $1 billion run rate months after U.S. testing began, with direct purchasing rolling into additional international markets. The report notes the growth accelerated tenfold from roughly $100 million per year in April.

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