Overview
- Apple executive Eddy Cue revealed that Safari search volumes dropped for the first time, attributing the decline to users increasingly adopting AI search tools like ChatGPT and Perplexity.
- Cue testified in the DOJ antitrust trial against Google, stating that Apple is actively exploring AI-powered search engines for Safari but does not plan to make them the default yet.
- Google currently pays Apple around $20 billion annually to remain Safari's default search engine, a deal central to DOJ claims of monopolistic practices.
- Alphabet shares fell approximately 7–8% following Cue's testimony, erasing over $150 billion in market value, reflecting investor concerns about Google’s search dominance.
- Apple has already integrated ChatGPT into Siri and is in discussions to potentially add Google’s Gemini AI later this year, signaling a broader shift in search technology.