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Google loses $70 billion in market value after failure of racist Gemini

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Alphabet, Google's parent company, experienced a significant drop in market value, losing over $70 billion as stock prices fell by up to 4.4% on Monday. This followed the temporary suspension of Google Gemini's AI image creator and the surfacing of controversial responses from Gemini's chat feature.

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Google's AI platform, Gemini, has been criticized for generating controversial images and responses, leading to a pause in its image creator feature.

Alphabet's market value dropped by over $70 billion, with stock prices falling by up to 4.4%.
Google DeepMind CEO, Demis Hassabis, announced that the image generating feature would be offline for a few weeks to address the issues raised.