Apple says searches are shrinking because people are using AI instead. Now Google’s stock is tanking.

Ever since ChatGPT burst onto the scene in 2022, investors have wondered about the implications for Google. Mainly: What happens to the company if lots of people start using AI engines to answer questions instead of Google’s dominant search engine?

Now it looks like that might actually be happening.

Eddy Cue, an Apple executive, said searches on Apple’s Safari browser shrank for the first time ever in April — a change he chalked up to people using AI instead.

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