The shares of Alphabet Inc., the parent company of Google, have dropped by 4%, following the panic that took place at the company last week caused by Samsung considering to pick Microsoft Bing as its default search engine.
As reported by The New York Times, Google's internal messages revealed that Samsung's pondering on what their default search engine should be in the future caused panic among Google's engineers. The report also noted that if Samsung does switch to Microsoft's ChatGPT-powered Bing, Alphabet is set to lose $3 billion out of its $162 billion annual revenue.
This occurrence, however, is not the first time Google's stock drops due to artificial intelligence. Back in February, Alphabet's shares fell 9% after Google's Bard, an AI-powered chatbot that was meant to be ChatGPT's competitor, made a factual mistake in its promotional video.
