Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts, ET EnergyWorld

July 9, 2025

Tikehau Raises Over €1 Billion for Egis to Decarbonize Transport, Cities, Energy

July 9, 2025

I Was Laid Off From My Tech Job — Now I’m Pursuing a Career in Welding

July 9, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Google Shares Fall As Apple Says AI Engines Are Disrupting the Search Market
U.S. Energy Policy

Google Shares Fall As Apple Says AI Engines Are Disrupting the Search Market

omc_adminBy omc_adminMay 8, 2025No Comments3 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Ever since ChatGPT burst onto the scene in 2022, investors have wondered about the implications for Google. Mainly: What happens to the company if lots of people start using AI engines to answer questions instead of Google’s dominant search engine?

Now it looks like that might actually be happening.

Eddy Cue, an Apple executive, said searches on Apple’s Safari browser shrank for the first time ever in April — a change he chalked up to people using AI instead.

Cue made that disclosure on Wednesday while testifying in the federal antitrust suit against Google’s parent company, Alphabet, because Apple receives more than $20 billion a year from Google to make it the default search engine on Apple devices.

He also said Apple would likely add AI engines as search alternatives on its devices over time, Bloomberg reports:

[Cue] noted that searches on Safari dipped for the first time last month, which he attributed to people using AI.Cue said he believes that AI search providers, including OpenAI, Perplexity AI Inc. and Anthropic PBC, will eventually replace standard search engines like Google. He said he believes Apple will add those players as options in Safari in the future.”We will add them to the list — they probably won’t be the default,” he said, adding that they still need to improve.

Cue’s testimony neatly explains a major reason that investors have been pouring money into AI companies like OpenAI at increasingly huge valuations: They’re hoping that at a minimum, they’ll be able to carve out some of Google’s ownership of the stock market — the primary reason Google is worth $2 trillion today.

That prospect is also what has prompted Google to turn itself into an AI company, by turning conventional searches into queries it answers with its Gemini AI engine. Early stumbles in those efforts generated a lot of mockery — see glue pizza — but Google has stuck with it, insisting that users like the results.

On the company’s earnings call last month, Google CEO Sundar Pichai said its efforts were working and that its AI engine had helped increase search volume: “Nearly a year after we launched AI Overviews in the US, we continue to see that usage growth is increasing as people learn that Search is more useful for more of their queries,” he told analysts.

Cue’s testimony suggests that those efforts haven’t been enough to protect Google’s market. Google shares fell more than 7% on Wednesday.

Google released a statement late Wednesday disputing Cue’s assertion and saying it continues to see “overall query growth in search.”

“That includes an increase in total queries coming from Apple’s devices and platforms,” the statement said.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

I Was Laid Off From My Tech Job — Now I’m Pursuing a Career in Welding

July 9, 2025

Sam Altman Talks Zuckerberg, Musk, and Trump at Sun Valley

July 9, 2025

Grok Goes on Antisemitic Rant, Joking About Jews and Praising Hitler

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

U.S. production growth to slow amid drilling decline, says EIA

By omc_adminJuly 8, 2025

(Bloomberg) – The U.S. sees domestic crude output growth slowing more than expected this year…

Petralon to boost Nigerian offshore production by 2,500 bpd

July 8, 2025

Indonesia’s Cirata Floating Solar Farm: Powering 50,000 Homes with Clean Energy

July 8, 2025

JDR to support Larsen and Toubro with offshore umbilical testing in the Middle East  

July 8, 2025
Top Trending

Tikehau Raises Over €1 Billion for Egis to Decarbonize Transport, Cities, Energy

By omc_adminJuly 9, 2025

Thousands meet their MPs to show huge demand for climate action | Green politics

By omc_adminJuly 9, 2025

Climate breakdown tripled death toll in Europe’s June heatwave, study finds | Extreme heat

By omc_adminJuly 9, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

I Was Laid Off From My Tech Job — Now I’m Pursuing a Career in Welding

July 9, 20250 Views
Our Picks

BP Appoints Shell Veteran to Board

July 9, 2025

Mol Eyes Ukraine Port Access to Phase Out Russian Oil

July 9, 2025

Energy NL’s CEO says Newfoundland & Labrador’s offshore work is steady, as province awaits next major project

July 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.