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Search Market

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"Analyst Raises Google Stock Price Target Amid Positive Investor Sentiment and AI Collaboration Speculation"

Analysts have revisited their opinions and updated stock price targets for Google's parent company, Alphabet, amid concerns that artificial intelligence (AI) could reshape the search market. Despite the availability of AI solutions like OpenAI's ChatGPT and Microsoft's Bing, Google's search dominance remains intact, with its market share holding steady at nearly 92%. Analysts at Wedbush Securities believe that fears of a structural shift in search away from Google are overblown and have increased their stock price target for Alphabet to $175, citing ample monetization opportunities from AI and the potential for significant revenue through licensing its AI to other companies, such as Apple.

via Yahoo Finance|

#ai #alphabet #financetechnology

technology1 year ago•7 min saved

"Insights into Google's Business Tactics and Legal Battles with DuckDuckGo and Neeva"

A court filing in the U.S. Department of Justice’s case against Google reveals details about competitors like DuckDuckGo and Neeva. Google's filing documents the history of search competition, including the inner workings and revenue of these startups. It attempts to paint DuckDuckGo as a company that prioritized returning investment to shareholders over search innovation, while also highlighting Neeva's struggle to compete with free search. The filing aims to prove that people choose Google's search engine because it's better and more innovative, not because of its monopoly share.

via TechCrunch|

#court-filing #duckduckgo #google

technology2 years ago•6 min saved

Sundar Pichai's Testimony Highlights Google's Impact on Web and Search Defaults

Google CEO Sundar Pichai testified in the ongoing US v. Google antitrust trial, arguing that Google's dominance in the search market is the result of offering superior products rather than anticompetitive practices. Pichai highlighted the positive impact of Google's products, such as Search, Android, and Chrome, on making the internet accessible to billions of people. The trial also delved into a 2005 letter from Google's former top lawyer, David Drummond, expressing concerns about Microsoft's default search engine setting in Internet Explorer 7. The trial focuses on whether Google struck anticompetitive deals with companies like Apple for prime search engine placement. The Department of Justice alleges that Google uses its platforms and partners to maintain a monopoly, while Google argues that its actions are simply business moves in a competitive landscape.

via The Verge|

#antitrust-trial #default-settings #google

business2 years ago•2 min saved

Samsung's Potential Switch to Bing Causes Alphabet's Market Value to Plummet

Alphabet lost $55 billion in market value after a report suggested that Samsung may replace Google with Microsoft's Bing as the default search engine in its phones, putting about $3 billion in annual revenue at risk for Alphabet. Google has long held an essential monopoly on the search market, commanding a market share of about 90%. Samsung has a long-standing relationship with both Alphabet and Microsoft, and negotiations between Samsung and Microsoft are still ongoing and could still end up with Google as its default provider.

via Yahoo Finance|

#alphabet #bing #business