Samsung's Potential Move to Bing Sends Alphabet Shares Tumbling.
TL;DR Summary
Alphabet shares fell nearly 4% after a report that Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices. Google earns an estimated $3 billion in annual revenue from the Samsung contract, and another $20 billion is tied to a similar Apple contract that will be up for renewal this year. Google is reportedly racing to build an all-new AI-powered search engine that would offer a more personalized experience than its current service.
- Alphabet shares fall on report Samsung may dump Google Search for Bing Reuters
- Google Devising Radical Search Changes to Beat Back A.I. Rivals The New York Times
- By ditching Search, Samsung may make Google get its act together SamMobile - Samsung news
- Alphabet Stock Falls on Concern About AI Threat to Google's Position in Search The Wall Street Journal
- Google engineers went into a ‘panic’ as Samsung reportedly considered ditching its search engine for Bing Yahoo Finance
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