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Google's business of providing the world's largest search engine is reportedly in jeopardy, as the latest reports indicate that Samsung could replace Google Search with another search engine as a default solution on its mobile devices. Samsung, which sells millions of devices per year, is looking to replace the current search engine, Google Search, in favor of more modern AI-powered models. Currently, Google and Samsung have a contract where Google pays the South Korean giant a sum of three billion US dollars per year to keep its search engine as a default option on Samsung's devices. However, this decision is flexible, as the contract is up for renewal and new terms are being negotiated.
With the release of the ChatGPT and AI-powered search that Microsoft Bing enables, Google is reportedly working hard to keep up and integrate Large Language Models (LLMs) into Search. Google's answer to Microsoft Bing is codenamed Project Magi, an initiative to bring AI-powered search supposedly next month. To emphasize the importance of getting this to production, Google was ready to give up three billion US Dollars of revenue to Samsung for keeping Google Search as a default search engine for 12 years without a doubt. However, with the emergence of better solutions like Microsoft Bing, Samsung is considering replacing it with something else. The deal is still open, terms are still negotiated, and for now there are no official mentions of Bing. As a reminder, Google has a similar agreement with Apple, worth 20 billion US Dollars, and Google Search was valued at 162 billion US Dollars last year.
View at TechPowerUp Main Site | Source
With the release of the ChatGPT and AI-powered search that Microsoft Bing enables, Google is reportedly working hard to keep up and integrate Large Language Models (LLMs) into Search. Google's answer to Microsoft Bing is codenamed Project Magi, an initiative to bring AI-powered search supposedly next month. To emphasize the importance of getting this to production, Google was ready to give up three billion US Dollars of revenue to Samsung for keeping Google Search as a default search engine for 12 years without a doubt. However, with the emergence of better solutions like Microsoft Bing, Samsung is considering replacing it with something else. The deal is still open, terms are still negotiated, and for now there are no official mentions of Bing. As a reminder, Google has a similar agreement with Apple, worth 20 billion US Dollars, and Google Search was valued at 162 billion US Dollars last year.
View at TechPowerUp Main Site | Source