How one sentence from top Apple executive cost Google $160 billion
Alphabet's shares plummeted by 8%, erasing $160 billion in market value, after Apple's Eddy Cue revealed they are exploring Safari's search capabilities. Google searches on Safari saw their first decline, attributed to rising AI adoption. Apple plans to integrate AI search options, potentially including OpenAI and Perplexity AI, into Safari.
Alphabet's shares plummeted by 8%, erasing $160 billion in market value, after Apple's Eddy Cue revealed they are exploring Safari's search capabilities. Google searches on Safari saw their first decline, attributed to rising AI adoption. Apple plans to integrate AI search options, potentially including OpenAI and Perplexity AI, into Safari.
