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For over a year, shareholders of Google's parent company, Alphabet Inc. (GOOGL), have been worried that artificial intelligence could pose long-term risks to the company's money-making search business. This threat became more urgent this week. On Wednesday, a senior executive at Apple revealed in court that the iPhone maker is exploring adding artificial intelligence (AI) services to its web browser. Google currently pays about $20 billion annually to be its default search engine. What is even more concerning is that according to Apple's senior vice president of services, Eddy Cue, last month saw a decrease in search volume for Apple's Safari browser for the first time. As a result of this, Google's A shares fell significantly.
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