Google faces substantial challenges as AI engines threaten its traditional search market dominance, according to Apple executive Eddy Cue. He noted a decline in Safari browser searches attributed to the rise of AI tools like OpenAI. Consequently, Google's stock fell over 8%. Cue's revelations come as Apple explores integrating AI into its products. Despite the competition, Google continues to invest heavily in its AI capabilities. Meanwhile, IBM is experiencing a resurgence with its AI strategy, leading to significant stock gains, contrasting Google's recent struggles in the market.
Eddy Cue from Apple warned that AI tools like OpenAI may replace traditional search engines, which led to an 8% drop in Google's shares.
Despite Google's current struggles with AI competition, the tech giant is using this challenge to prioritize significant investments in AI development.
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