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Bitcoin Value Plummets, Amazon Reports Record Sales, and Tech Giants Vie for AI Dominance
The value of Bitcoin experienced a sharp decline on Thursday, while Amazon announced record fourth-quarter sales and tech companies battled for market share in the artificial intelligence sector.
Bitcoin's value fell over 10 percent, dropping to around $64,000, according to CNBC, as reported by The Verge. This marks the lowest point for the cryptocurrency since the 2024 Presidential election. After peaking at over $122,000 in October 2025, Bitcoin has been in a steady decline for several weeks, according to Stevie Bonifield of The Verge.
Meanwhile, Amazon reported a record $213.4 billion in revenue for the fourth quarter of 2025, surpassing Wall Street expectations, according to Variety. However, the company's shares fell in after-hours trading after Amazon forecasted $200 billion in capital spending for 2026, reported Todd Spangler of Variety.
In the realm of artificial intelligence, the market share of OpenAI's ChatGPT is shrinking as competitors gain ground. According to data from mobile intelligence provider Apptopia, first reported by Big Technology, ChatGPT's app market share fell from 69.1% in January 2025 to 45.3% in 2026. Google's Gemini chatbot app increased its market share from 14.7% to 25.2% over the same period. Elon Musk's Grok has also seen rapid growth, reaching its highest market share yet at 15.2%, up from 1.6% the previous year, according to Apptopia data. Fortune reported that this shift could complicate OpenAI's reported plans for an IPO later this year.
Separately, Google hinted at a significant expansion of its AirDrop-like file-sharing capabilities for Android devices. Ars Technica reported that after adding basic AirDrop support to Pixel 10 devices last year, Google indicated that it would be available on more phones this year.
In other financial news, Michael Lewis and Tom Lee discussed the current selloff in software stocks at a podcast taping in New York City on Tuesday. According to Fortune, the two debated whether the volatility in the market, where software stocks are down and artificial intelligence threatens to disrupt industries, was becoming more serious.
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