A report by the New York Times claims that Samsung Electronics is considering switching out Google Search for Bing. This is amid the search engine's biggest surge in usage due to the launch of their ChatGPT-based Bing AI search. This could be a blow to Google and its parent company, Alphabet, as Google Search brings in $162 billion worth of revenue per year.
Google cites the situation as a "panic," since Google earns $3 billion as a result of the contract that they have with Samsung to set Google Search as the default search engine. It may also topple Google's 80% search engine market share. This also comes after a $100 billion value loss after Google's Bing AI competitor, Bard, shared misinformation in a promotional video as well as an event held by Google.
According to Reuters, James Cordwell, an analyst at Atlantic Equities said that "Investors worry Google has become a lazy monopolist in search and the developments of the last couple of months have served as a wake-up call." There isn't an official release date for Bard as of yet.
Like most of Google's services, Bard will learn from what you ask it and use that data to train the AI model to better suggest services and items for you within Google services.
