&w=3840&q=100)
The AI browser market turns a new page: What are users getting now?
Shivani Shinde Mumbai
Listen to This Article
Nvidia-backed Perplexity AI is launching Comet, a new web browser with AI-powered search capabilities, as it looks to challenge the dominance of market leader Alphabet's Google Chrome. The AI browser market is expected to be worth around $76.8 billion by 2034, from $4.5 billion in 2024, according to a report by Market.US. Chrome held a commanding 68 per cent share of the global browser market in June, according to StatCounter, cementing its position as the world's most widely used browser — far ahead of Safari, Microsoft Edge and Firefox.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Alphabet tops Q2 estimates with 14 percent revenue jump as AI ambitions and legal challenges define future
Reuters Alphabet posts strong Q2 earnings with 14 percent revenue growth as AI investments deepen and legal threats loom Alphabet Inc., the parent company of Google, reported better-than-expected second-quarter earnings on Wednesday(July 23), with revenue rising 14 percent to $96.4 billion and earnings per share increasing 22 percent to $2.31. Wall Street had projected $93.98 billion in revenue and earnings of $2.20 per share. 'AI is positively impacting every part of the business, driving strong momentum,' CEO Sundar Pichai said in a statement. The company highlighted growth in its advertising and cloud businesses, as well as the rollout of new AI tools. Google Cloud posted strong growth, with revenue up 32 percent to $13.6 billion. Search and other advertising generated $54.2 billion, a 12 percent increase from last year. YouTube ads brought in $9.8 the upbeat earnings, Alphabet shares remained mostly flat after the announcement. One reason is that the company said it would increase capital expenditures by $10 billion, bringing the full-year total to $85 billion. The funds will go toward expanding AI infrastructure and data centers. Earlier this year, Alphabet shares had fallen as much as 25 percent over concerns about the company's position in the growing AI market. Google's dominance in online search, its biggest revenue driver, is being challenged by AI-powered platforms like OpenAI's ChatGPT. Analysts estimate ChatGPT handles 15–20 percent of Google's daily search volume. In response, Google has accelerated AI development. It recently launched AI Mode in Search, a chatbot-like interface similar to ChatGPT, and expanded AI Overviews to over 2 billion monthly users. These features aim to keep users within Google's ecosystem while adapting to the shift in how people seek competition is intensifying. Gene Munster of Deepwater Asset Management said in a note that Google is working hard to send one clear message: 'AI is a tailwind for search, not a headwind.'The strong quarter comes as Alphabet faces legal pressure. A federal judge in Washington, DC, recently ruled that Google violated antitrust laws. A decision on potential remedies, including a proposed breakup of parts of Google's business, is expected before Labor Day.
Time of India
2 hours ago
- Time of India
Alphabet tops Q2 estimates with 14 percent revenue jump as AI ambitions and legal challenges define future
Alphabet Inc. , the parent company of Google , reported better-than-expected second-quarter earnings on Wednesday(July 23), with revenue rising 14 percent to $96.4 billion and earnings per share increasing 22 percent to $2.31. Wall Street had projected $93.98 billion in revenue and earnings of $2.20 per share. 'AI is positively impacting every part of the business, driving strong momentum,' CEO Sundar Pichai said in a statement. The company highlighted growth in its advertising and cloud businesses, as well as the rollout of new AI tools. Explore courses from Top Institutes in Please select course: Select a Course Category others Data Science Finance Digital Marketing Others Technology MBA healthcare MCA Degree Data Science Design Thinking PGDM Cybersecurity Leadership Artificial Intelligence Product Management Management Data Analytics Public Policy Project Management Healthcare Operations Management CXO Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details Google Cloud posted strong growth, with revenue up 32 percent to $13.6 billion. Search and other advertising generated $54.2 billion, a 12 percent increase from last year. YouTube ads brought in $9.8 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo Despite the upbeat earnings, Alphabet shares remained mostly flat after the announcement. One reason is that the company said it would increase capital expenditures by $10 billion, bringing the full-year total to $85 billion. The funds will go toward expanding AI infrastructure and data centers. Earlier this year, Alphabet shares had fallen as much as 25 percent over concerns about the company's position in the growing AI market. Google's dominance in online search, its biggest revenue driver, is being challenged by AI-powered platforms like OpenAI's ChatGPT. Analysts estimate ChatGPT handles 15–20 percent of Google's daily search volume. Live Events In response, Google has accelerated AI development. It recently launched AI Mode in Search, a chatbot-like interface similar to ChatGPT, and expanded AI Overviews to over 2 billion monthly users. These features aim to keep users within Google's ecosystem while adapting to the shift in how people seek information. Still, competition is intensifying. Gene Munster of Deepwater Asset Management said in a note that Google is working hard to send one clear message: 'AI is a tailwind for search, not a headwind.' The strong quarter comes as Alphabet faces legal pressure. A federal judge in Washington, DC, recently ruled that Google violated antitrust laws. A decision on potential remedies, including a proposed breakup of parts of Google's business, is expected before Labor Day.
Mint
2 hours ago
- Mint
Googles AI push pays off with solid second quarter, but doubts about companys future persist
SAN FRANCISCO (AP) — Google's accelerating shift into artificial intelligence helped propel its corporate parent to another quarter of solid growth while a crackdown on its internet empire looms in the background. The results released Wednesday for the April-June period provided the latest sign that Google is deftly navigating the technological landscape's tilt toward AI while still capitalizing on well-worn techniques that have made it the internet's main gateway for the past quarter century. That balancing act helped Google parent Alphabet Inc. earn $28.2 billion, or $2.31 per share, during the second quarter, a 19% increase from the same time last year. Revenue climbed 14% from a year ago to $96.4 billion. Both figures easily eclipsed analysts' projections. 'We had a standout quarter, with robust growth across the company," Alphabet CEO Sundar Pichai said. 'We are leading at the frontier of AI and shipping at an incredible pace. AI is positively impacting every part of the business, driving strong momentum.' The numbers were initially overshadowed by a disclosure that Alphabet is increasing this year's budget for capital expenditures by $10 billion to $85 billion as part of its effort to fend off intensifying competition from AI startups such as OpenAI's ChatGPT and Perplexity. Besides those threats, a federal judge who declared Google's search engine to be an illegal monopoly is now weighing a range of countermeasures that include requiring the sale of its popular Chrome browser. Alphabet's shares dipped 1% in extended trading after the quarterly report came out. After initially dipping following the disclosure about the rising costs of AI, Alphabet's stock price rebounded and rose by more than 1% in extended trading. The performance covered a stretch that saw Google bring even more AI technology into its search engine in an effort to maintain its dominance, including the May release of its own version of a conversational answer engine called AI Mode. That addition supplemented its more than year-old use of extensive summaries called AI Overviews that Google now frequently highlights at the top of its results page while decreasing the number of its traditional links to other websites. The shake-up has resulted in even more interaction with Google's search engine and steady earnings growth to support Alphabet's $2.3 trillion market value, said Jim Yu, chief executive of BrightEdge, a firm that analyzes search trends. Google's search-driven ad revenue totaled $54.2 billion in the past quarter, a 12% increase from the same time last year. 'All this AI stuff is not slowing Google down, they are doing a very good job of evolving with the times,' Yu said. The AI boom has also been fueling demand in Google's Cloud division that sells computing power and other services. Google Cloud continued to thrive in the past quarter with revenue rising 32% from a year ago to $13.6 billion. The division is under pressure to deliver robust growth from investors to help justify Google's huge investments in AI technology.
