Alphabet shares sink 8% after Apple’s Cue says AI will replace search engines

Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. Alphabet and Apple shares sank Wednesday after Eddy Cue, Apple's services chief, said he believes that AI search engines will eventually replace standard search engines such as Google, according to Bloomberg. Cue said he expects to add artificial intelligence services from OpenAI, Perplexity and Anthropic as search options in Apple's Safari browser in the future, according to the report. The Apple executive was testifying in a federal court in Washington as part of the Justice Department's lawsuit against Alphabet. Last year, a U.S. District Court judge ruled that Google had illegally dominated advertising technology markets, and now the judge is looking to determine what penalties or actions should be taken against the search company. One major focus on the case is Google's pr ... Read full article.