Samsung is reportedly considering switching the default search engine for Galaxy models from Google to Bing. This claim caused a great crisis in the world of technology. Even though the switch to Bing has yet to be confirmed, it created a 4% drop in Google shares.
Google shares plummet because of Samsung
Samsung may switch from Google to Bing for the first time in 12 years. This move by the Korean manufacturer means that it will respect both the collaboration with Microsoft and the artificial intelligence competition in the search engine market. However, Google investors seem to be quite uncomfortable with such a transition.
The allegations revealed that Google employees knew about the possibility of Samsung switching to Bing for a month, causing panic within the company. The cost of this transition could result in a loss of $3 billion, according to an internal warning.
The broad impact of the rumors is unclear for now. But Alphabet Inc’s shares were down nearly 4 percent as of Monday. It is currently hovering around $106.
In response, a Google spokesperson said that Android manufacturers are free to switch to other browsers. He stated that he could “move to other technologies” that could have a positive impact on the customer experience. In addition, it is known that Google will lose $ 20 billion if Apple decides not to renew its contract.
For those who don’t know, Bing won ChatGPT support as part of Microsoft and OpenAI’s deal. It also has a renderer based on Dall-E 2. Despite this setback, Google is developing a new search engine powered by artificial intelligence.
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