Alphabet Inc. shareholders have fretted over long-term risks posed by artificial intelligence to the company’s money-printing search business. This week the threat

Cue's court comments renew scrutiny on $20bn Google–Apple deal and rattle investors Alphabet Inc (NASDAQ:GOOG) shares fell 7.51% to US$152.80 on Wednesday after Apple executive Eddy Cue said AI tools like ChatGPT and Perplexity could replace traditional search engines in Safari—casting doubt on Google’s lucrative status as the iPhone’s default search provider.

The revelation of a potential change from Google to an AI-powered search engine for Apple's Safari web browser caused shares in both tech firms to lose value on Wednesday.