Meta Develops AI Search Engine to Reduce Reliance on Google, Microsoft Bing; Alphabet Shares Fall

Oct 28, 2024, 03:12 PM

Meta Platforms Inc. is developing an AI-powered search engine to reduce its reliance on Google and Microsoft Bing. This strategic move, reported by The Information, aims to enhance Meta's digital ecosystem by integrating real-time search capabilities into its existing AI technologies. The development is led by engineering manager Xueyuan Su and has been in progress for at least eight months. Meta's AI currently boasts 185 million weekly users. Some websites, such as the NY Times, are already blocking Meta's web crawler. The announcement has already impacted Alphabet's shares, which saw a decline following the news.