Google sales miss fuels AI concerns; Microsoft plans $25B debt offering
Alphabet reported weak search and ad sales, raising fears that AI is eroding its core business and triggering a record market cap decline. Separately, Microsoft is exploring a bond market debut since 2017 to raise at least $25 billion for AI-related spending, and DoorDash agreed to buy Instacart for $17 billion.
Why it matters. The Google miss signals potential structural disruption to its advertising dominance from AI, while Microsoft's debt move reflects heavy corporate investment in AI cloud capacity; the DoorDash-Instacart deal consolidates grocery delivery…