Apple and Google Investors Fret as ChatGPT Gains Search Ground

Posted under: AI technologies
Date: 2025-05-12
AI-Powered ChatGPT's on Google & Apple Shares | Justo Global

Apple's senior VP Eddy Cue revealed that Google search volume in Safari has declined for the first time, signaling the growing popularity of AI-powered search alternatives like ChatGPT. Google lost nearly $150 billion in market value, while Apple's shares dropped 1%, as investors worry about the potential disruption to their long-standing search partnership that generated $20 billion in revenue in 2022.

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