Alphabet shares fall as Samsung considers switching from Google to Bing on its devices

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In recent months, Microsoft’s search engine has become ‘more powerful’ by gaining the technology behind the ChatGPT robot. Samsung Galaxy Z Flip 4 Samsung Shares in Alphabet, Google’s parent company, fell more than 3% on Monday (17) after news that Samsung is considering replacing Google’s search engine with Microsoft’s Bing, according to the agency Reuters. The information, published by the New York Times over the weekend, highlights the growing challenges that Google’s search business, which moves 162 billion dollars a year, faces with Bing, which is “more powerful”. Microsoft’s search engine has gained prominence recently after the integration of the artificial intelligence technology behind ChatGPT. Google’s reaction to the threat was one of “panic” as the company rakes in about $3 billion a year in revenue from the Samsung contract, the report said, citing internal messages. Another $20 billion is tied up in a similar contract with Apple that will be renewed this year, the report added. This Monday, Alphabet’s share was traded at US$ 105, while Microsoft showed appreciation of 0.25%, at US$ 286.85. Alphabet and Samsung declined to comment on the matter. Google has for years dominated the search market with a share of more than 80%, but Wall Street fears the company may be falling behind Microsoft in the race towards artificial intelligence technology. “Investors are concerned that Google has become a lazy monopoly in search services and the developments of the last few months have served as a wake-up call,” said James Cordwell, an analyst at Atlantic Equities. Alphabet lost $100 billion in market value on Feb. 8 after its chatbot, Bard, shared inaccurate information at a company public event and failed to delight the audience. ALSO READ: ‘Bing ChatGPT’: You can now chat and use the robot through Microsoft Edge; g1 tested TruthGPT: Musk says he will launch AI platform to compete with Microsoft and Google China wants to regulate the use of artificial intelligence

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