Google $GOOGL ( ▲ 0.72% ) is slipping nearly 2 percent as a wave of negative headlines hits the company all at once. The pressure started after OpenAI CEO Sam Altman said the long-awaited Gemini 3 model “had less of an impact on our metrics than maybe we feared,” cooling expectations for Google’s flagship AI release.
Disney $DIS ( ▼ 0.27% ) added fuel to the fire by sending Google a cease and desist letter, accusing the company of infringing its copyrights just hours after Disney unveiled a one billion dollar investment in OpenAI. The legal jab underscores rising tension between tech giants and media companies over training data and AI content.
Then came the kicker: Waymo issued a major recall covering more than 3,000 vehicles to address a software issue that caused cars to drive past stopped school buses. The update is required across nearly the entire fleet and highlights ongoing safety challenges in autonomous driving.
To round it out, Google is also getting dragged into today’s broader AI sell-off after Oracle $ORCL ( ▲ 7.58% ) posted disappointing earnings. And according to Altman, Gemini 3 hasn’t moved user numbers the way OpenAI initially feared, softening the competitive threat and adding another blow to Google’s AI momentum.