Apple’s share price drops after Exec says it is studying Safari injection with artificial intelligence

On Wednesday, the Vice President of Apple Services, Eddy Cue, said that the company is “actively looking” to bring artificial intelligence search options to the Safari Web. Koi also said he believed that artificial intelligence search engines will replace standard search engines like Google. Cue’s comments came as he witnessed in the treatment phase of Google’s anti -monopoly experience in Washington.

Apple Executive has also participated that the number of Google search operations on Safari has decreased for the first time ever this year. Reward the change to the rise of search engines from artificial intelligence. “This has never happened for 22 years,” he said. (Safari was released in early 2003.) While Cue says that the technology of artificial intelligence is not ready to give up Safari (so far, it’s not good enough, “), he said that the company has already had conversations with Openai, Perplexity and Anythropic.

Last August, Apple announced a partnership with Openai to bring Chatgpt to some of its products, but Cue says he wants to “make sure we have the ability to switch if we have to”, if another company is distinguished as a leader in searching for artificial intelligence.

The stock prices for both the alphabet and the Apple – alphabet decreased by about 8 % and Apple by about 2 % – after I reported Bloomberg about Cue Certificate.

Executive officials of a group of technology companies – including Yahoo, Microsoft and Openai – are expected to witness during the treatment phase of this experience, which started last month. Apple is especially related to Google’s fate because the search company pays Apple about $ 20 billion annually to be the virtual search engine on Safari. Under this agreement with Google, Apple receives part of Google’s ads revenues from Safari. During his testimony on Wednesday, Koi said he “lost a lot of sleep” because of the idea of ​​losing the share of revenue.

Google is currently the defendant in separate lawsuits to combat monopoly submitted by the Ministry of Justice. Today’s certificate was part of the trial that came out of the 2020 Ministry of Justice lawsuit against Google. This lawsuit claims that Google illegally maintained the monopoly of research and research markets. The central argument in the case of the Ministry of Justice was that the uniqueness of Google with some platform providers (such as Apple) to become the virtual browser on their illegal monopolistic tools.

Last August, Judge Amit B. Mihita is from the US provincial court in Washington Province, DC against Google, in trial. While Google said she plans to appeal the ruling, this procedure will have to wait until the treatment phase of the experiment is completed.

Separately, the 2023 suit presented by the Ministry of Justice against Google argues that the search giant monopolizes the digital advertising technology market illegally. Last month, Google was convicted of two of the three charges that were brought against it. Google also plans to appeal this ruling.