Tech Giants Face Stock Turbulence After AI Search Predictions

Shares of Alphabet and Apple experienced a downturn following remarks by Eddy Cue, Apple’s head of services, who expressed that AI-powered search engines are poised to overshadow traditional ones like Google, as reported by Bloomberg. Cue revealed plans to eventually integrate AI tools from OpenAI, Perplexity, and Anthropic into search options for Apple’s Safari browser.

These statements were made during Cue’s testimony at a federal court in Washington, amidst the Justice Department’s ongoing lawsuit against Alphabet.