Google Shares Fall About 2% Amid ChatGPT Ad Expansion and AI Compute Strain

Google shares fell about 2% in premarket trading Oct. 22, alongside OpenAI’s expanded advertising footprint and Google’s move to direct some cloud computing capacity toward frontier AI research.

OpenAI expanded ChatGPT Ads into 26 additional countries on Oct. 21, taking availability to 89 countries. More than 100,000 advertisers have run ads on the platform, and its advertising business reached a $1 billion annualized revenue run rate in August. Read TokenPost’s earlier coverage of ChatGPT Ads’ expansion to 89 countries.

Google CEO Sundar Pichai said the company is moving some computing capacity that could have been sold as cloud services into frontier AI technology research, giving up some near-term cloud revenue. Customers seeking to secure computing capacity for 2027 face a major challenge.