By Adam Clark
Google-parent Alphabet was climbing early on Thursday after the search company denied artificial intelligence was eating into its market. It's a claim that leaves Google at odds with its partner Apple.
Alphabet stock was up 2.1% in premarket trading. That looks set to partially recoup a 7.3% drop the previous day, triggered after an Apple executive testified in a Department of Justice lawsuit against Google that searches in the iPhone maker's browsers fell for the first time amid the growth in AI use, according to Bloomberg.
"We continue to see overall query growth in Search. That includes an increase in total queries coming from Apple's devices and platforms," Google said in a blog post on Wednesday.
It's not clear on what base Apple and Google are measuring search volumes, although Google did note in its blog post that voice and visual searches were contributing to its growth.
Apple didn't immediately respond to a request for comment early on Thursday.
News Corp, the owner of Barron's publisher Dow Jones, has sued Perplexity AI alleging copyright infringement. News Corp also signed a multi-year partnership with OpenAI in March 2024.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 08, 2025 06:49 ET (10:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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