Alphabet Inc shares fell nearly four percent on Monday after a report that South Korea’s Samsung Electronics was considering replacing Google with Microsoft-owned Bing as the default search engine on its devices.The report, published by the New York Times over the weekend, underscores the growing challenges that Google’s $162bn-a-year search engine business face from Bing – a minor player that has risen in prominence recently after the integration of the artificial intelligence tech behind ChatGPT.Google’s reaction to the threat was “panic” as the company earns an estimated $3bn in annual revenue from the Samsung contract, the report said, citing internal messages.
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