Google's dominance in search is under pressure as Apple executive Eddy Cue revealed that searches on the Safari browser have decreased for the first time, attributing this decline to the rising use of AI search engines like ChatGPT. Cue's testimony in a federal antitrust case against Google highlights the growing concerns among investors regarding the future of Google as a search engine provider. As Apple plans to integrate AI search alternatives into Safari, it raises questions about Google's continued relevancy and market valuation, currently standing at $2 trillion.
Ever since ChatGPT burst onto the scene in 2022, investors have wondered about the implications for Google. Mainly: What happens to the company if lots of people start using AI engines to answer questions instead of Google's dominant search engine?
Apple executive Eddy Cue says searches on Apple's Safari browser shrank for the first time ever in April - a change he chalked up to people using AI instead.
Cue believes that AI search providers, including OpenAI, will eventually replace standard search engines like Google, and Apple will add these players as options in Safari.
Cue noted that searches on Safari dipped for the first time last month, which he attributed to people using AI.
Collection
[
|
...
]