Tightening computing power amid expanding ad business for OpenAI competitors sends Google down ~2% pre-market.

On October 22, BIT (bit.com) market data showed that Google’s (GOOGL) pre-market stock price fell approximately 2%. This move reflects dual market concerns: accelerating expansion of OpenAI’s advertising business and growing strain on Google’s own compute resources. On October 21, OpenAI announced the rollout of ChatGPT Ads to an additional 26 countries, bringing the platform’s total global coverage to 89 nations. The company also revealed that over 100,000 advertisers are now active on the platform—and that its ad business achieved a $1 billion annualized revenue run rate as of August. Investors widely view this as a direct competitive threat to Google’s core advertising business. At the same time, Google is facing severe pressure on AI-related compute capacity: to prioritize cutting-edge AI development, the company is reallocating compute resources originally earmarked for external cloud services toward internal AI R&D. CEO Sundar Pichai recently stated publicly that Google is willing to sacrifice some short-term cloud revenue to support this shift—leaving customers struggling to secure compute capacity commitments even for 2027.