Trillions in Google's stock evaporate as Apple delves into artificial intelligence search within Safari browser.

Swipe right for your daily dose of crypto, tech, and finance news! Today, Alphabet Inc.'s (GOOG) shares are plummeting due to Apple's jaw-dropping statement about the imminent threat of AI-powered search engines.

In a shocking twist, Apple's services chief Eddie Cue hinted that AI might eventually replace the big dogs like Google, as reported by Bloomberg. When testifying in the US Justice Department's lawsuit against Alphabet Inc., Cue mentioned Apple's potential collaboration with AI-operators such as OpenAI, Perplexity, and Anthropic, to provide AI-based search options for Safari.

"Historically, I wouldn't have seen other options as valid... But now, with these newcomers attacking the problem in a fresh way, there's a genuine potential."

For years, Google has been shelling out billions to Apple to keep its spot as the default search engine on Safari. However, the ambiguity surrounding Google's future dominance has hit the tech giant hard, causing a massive 10.4% stock dip and erasing a staggering $200 billion from the market cap. At the time of writing, GOOG is trading at $149.

Cue further explained that for AI-driven search engines to thrive, better indexing is crucial. Even if the indexing doesn't pan out perfectly, AI-based search engines might still woo users with features that are "so outstanding that we'd switch."

"There's enough money, enough notable players, that I can't see how it doesn't happen."

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The tech giant, Google, faces an uncertain future in the search engine market, as Apple's services chief, Eddie Cue, hinted at potential collaborations with AI-operators like OpenAI, Perplexity, and Anthropic, which could disrupt Google's dominance.
The crypto world is abuzz with the news of Apple's potential AI-powered search engine for Safari, a move that could be a game-changer in the cryptocurrency, tech, and finance sectors, and could impact the valuation of altcoins.
The impact of AI on the search engine market is not just a technology issue, but a policy-and-legislation concern as well. Regulators worldwide will need to address the implications of AI in search engines to ensure fair competition and consumer protection.
Amidst the turmoil in traditional finance, the crypto market continues to offer exciting opportunities. Investors are advised to stay informed and make cautious decisions, as the crypto landscape is dynamic and influenced by general-news events alongside technology and business trends.

Trillions in Google's stock evaporate as Apple delves into artificial intelligence search within Safari browser.