{"id":137739,"date":"2024-10-29T13:59:36","date_gmt":"2024-10-29T08:29:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=137739"},"modified":"2024-10-29T16:06:48","modified_gmt":"2024-10-29T10:36:48","slug":"meta-develops-ai-driven-search-engine-to-reduce-reliance-on-google-and-microsofts-bing","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/meta-develops-ai-driven-search-engine-to-reduce-reliance-on-google-and-microsofts-bing\/","title":{"rendered":"Meta develops AI-driven search engine to reduce reliance on Google and Microsoft\u2019s Bing"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3513916657\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Tech giant Meta is reportedly developing its AI-powered search engine to reduce reliance on existing platforms like Google and Microsoft\u2019s Bing. The new search engine will focus on generating conversational AI summaries of recent information and current events, delivered through Meta\u2019s AI chatbot.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2934666001\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Project Development&nbsp;<\/strong><\/h2><p>According to a report by The Information on October 28, a dedicated engineering team at Meta has been working on this project for the past eight months. The company\u2019s goal is to build a comprehensive database of relevant information for the new search engine.&nbsp;<\/p><p>Currently, Meta\u2019s AI chatbot, which integrates with its social media platforms such as Instagram, Facebook, and WhatsApp, relies on Google and Bing for user query responses.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Industry Context&nbsp;<\/strong><\/h2><p>Meta&#8217;s move aligns with similar initiatives from other major AI companies. Notably, OpenAI, led by Sam Altman, unveiled a prototype search engine named \u201cSearchGPT\u201d in July, with plans to integrate it into the ChatGPT chatbot.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2117611162\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Additionally, a Bloomberg report from October 2 highlighted Apple\u2019s efforts to potentially replace some of Google\u2019s search functionalities with its own AI solutions.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Partnership with Reuters&nbsp;<\/strong><\/h2><p>On October 25, Meta announced a multiyear partnership with news agency Reuters to incorporate AI-powered chat functions into its platforms. This marks Meta\u2019s first significant engagement with news content in several years, signaling a shift in strategy.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shifting News Strategy&nbsp;<\/strong><\/h2><p>This pivot toward integrating news with its AI chatbot contrasts sharply with Meta\u2019s previous approach, which emphasized minimizing news and political content across its main platforms.&nbsp;<\/p><p>Following various controversies, including the discontinuation of its \u201cNews Tab\u201d and a reduced focus on political news after 2020, Meta distanced itself from news features.&nbsp;<\/p><p>However, the new AI partnership suggests a potential return to news delivery in a more controlled manner, targeting users who actively seek news rather than those passively consuming it in their feeds.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement&nbsp;<\/strong><\/h2><p>On Tuesday, Meta Platforms Inc. saw its share price close at $578.16, reflecting a 1 percent increase from the prior day. Over the last year, Meta&#8217;s shares have yielded returns exceeding 90 percent.<\/p><div class=\"trade-content-10\" id=\"trade-4275458918\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>In its latest financial update, the company reported remarkable net sales of $39,071,000 Million in the quarter ended June 2024, reflecting a 22 percent YoY increase from $31,999,000 Million in the quarter ended June 2023. Moreover, EPS (Earnings per Share) surged 75 percent to 5.31, compared to 3.03 in the same period.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3141576991\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Tech giant Meta is reportedly developing its AI-powered search engine to reduce reliance on existing platforms like Google and Microsoft\u2019s Bing. The new search engine will focus on generating conversational AI summaries of recent information and current events, delivered through Meta\u2019s AI chatbot.&nbsp; Project Development&nbsp; According to a report by The Information on October 28, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":21177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,23670],"tags":[2522,2615,24087,948,936,2597],"class_list":["post-137739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-world-markets","tag-google","tag-meta","tag-microsoft-bing","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meta develops AI-driven search engine to reduce reliance on Google and Microsoft\u2019s Bing - 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