logo

$200,000,000,000 Vaporizes From Google Stock As Apple Begins Exploring AI Search in Safari

By: bitcoin ethereum news|2025/05/08 03:15:02
0
Share
copy
Shares in Alphabet Inc. (GOOG) are dipping sharply amid comments from tech giant Apple suggesting that artificial intelligence (AI) will threaten the dominance of the top search engine. Apple’s services chief Eddie Cue says he believes AI-run search engines will eventually replace the classic search engines like Google, Bloomberg reports. Speaking in a testimony during the US Justice Department’s lawsuit against Alphabet Inc, Cue said he expects Apple will use services from OpenAI, Perplexity and Anthropic as search options in Apple’s Safari browser in the future. “Prior to AI, my feeling around this was, none of the others were valid choices... I think today there is much greater potential because there are new entrants attacking the problem in a different way.” Currently, Google has been paying Apple as much as $20 billion a year to be the default search engine on Apple’s Safari browser. Following Cue’s testimony and the subsequent uncertainty of Google’s future dominance, the tech giant’s stock collapsed, wiping out over $200 billion in market cap. At time of writing, GOOG is down 10.4% on the day, currently trading at $149. Cue added that for AI search engines to improve, they will need better indexing, but even if they can’t achieve that, they will likely soon have features that are “so much better that people will switch.” Says Cue, referring to the switch from standard to AI-based search engines, “There’s enough money now, enough large players, that I don’t see how it doesn’t happen.” Follow us on X, Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Generated Image: Midjourney Source: https://dailyhodl.com/2025/05/07/200000000000-vaporizes-from-google-stock-as-apple-begins-exploring-ai-search-in-safari/

You may also like

Four Key Truths and Cost Traps Behind Polymarket LP Market Making Incentives

The potion left in the witch's hand is still poison; let's wait for Polymarket's major announcement tomorrow.

San Francisco Stablecoin Weekly Insights: The XYZ Coordinate System of 2026

Stablecoins 2026 New Narrative: No longer just "issuing coins," but reconstructing global financial infrastructure along three dimensions: AI payment authorization, RWA on-chain credit, and cross-border on-chain FX.

Asia's Next Great Dog Coin Debuts at the Weex AI Trading Hackathon

A BNB Chain meme token inspired by the Shih Tzu dog, blending community culture, creativity, and long‑term loyalty in Web3.

Fluxor: Connecting Global Builders With the WEEX AI Trading Hackathon

A hackathon platform connecting builders and creators to collaborative opportunities and innovation in Web3, enabling AI-oriented developers to experiment and create at scale.

The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.

Houthi Deadline Countdown Begins | Rewire News Morning Brief

Trump's 48-Hour Ultimatum was issued on Saturday and expires on Monday night

Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years

The key reasons for the sharp decline include heightened oil prices due to Middle East conflict, suppressed interest rate cut expectations, and intensified selling pressure triggered by tightening USD liquidity.

Popular coins

Latest Crypto News

09:42

Data: Brother Ma Ji's ETH long position has been completely liquidated again, with a total loss exceeding 30.35 million USD

According to Onchain Lens monitoring, Machi Big Brother's (@machibigbrother) ETH 25x leveraged long position was completely liquidated again, shortly after which he opened a new ETH 25x leveraged long position.Currently, his wallet balance is only $32,000, and the total loss has exceeded $30.35 mill...
09:42

Fidelity calls on the U.S. SEC to establish a new framework allowing brokers to trade crypto assets through ATS

Fidelity, in a letter to the SEC, suggested establishing a regulatory framework that allows broker-dealers to trade crypto assets through alternative trading systems (ATS).The proposal aims to promote the inclusion of crypto asset trading into the existing financial system, enhancing market complian...
09:42

An executive from the Bank for International Settlements who is skeptical about stablecoins will become the governor of the Bank of Korea

South Korean President Lee Jae-myung nominated Shin Hung-song, the head of the Monetary and Economic Department of the Bank for International Settlements (BIS), to serve as the governor of the Bank of Korea. Shin Hung-song stated last year that the issuance of a Korean won stablecoin is "an effectiv...
09:42

Analysis: Ethereum is at a critical moment of success or failure in a high-risk balancing strategy

According to CoinDesk analysis, as the pressures from scalability challenges, quantum technology, and artificial intelligence continue to grow, Ethereum is at a critical juncture in high-risk balancing strategies. In the first three months of 2026, the Ethereum ecosystem faces multiple structural pr...
09:42

Data: Sky Alliance has opened a 20x leveraged long position in gold and is gradually closing its SP500 short position

According to Onchain Lens monitoring, Sky founder Rune (@RuneKek) opened a new long position in gold during the decline in gold prices, with a leverage of 20 times. Meanwhile, Rune is closing his SP500 short position and currently still holds TWAP buy and sell orders.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com