Alphabet shares were down about 2% before the Oct. 22 U.S. session, according to BIT market data cited by BlockBeats. The report highlighted competition from OpenAI’s expanding advertising business alongside pressure on Google’s computing capacity.
Google shifts computing resources toward AI
The flash cited Sundar Pichai as saying Google was directing some capacity otherwise available to cloud customers toward frontier AI research, accepting a short-term revenue tradeoff. It said customers seeking to secure computing resources for 2027 faced challenges.
Source: BlockBeats, 2026-10-22 11:49:11 UTC.