Google CEO announces chat AI integration into search engine, stock jumps.

Google's shares rose by 3.7% after CEO Sundar Pichai announced that the company will integrate conversational AI features into its search engine, which could help answer queries faster. Pichai denied that chatbots were a threat to Google's search business and said that the opportunity space is bigger than before. Search-related revenue accounts for roughly half of Google's overall revenue. Smaller AI models will become more useful over time, enabling companies to create their own or users to run the algorithms on their own personal devices.