Alphabet stock was up 1.4% in early 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 in April amid the growth in AI use.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. A competitive threat from AI could help Google’s case. It could also be useful for Apple to defend an arrangement under which it receives an undisclosed percentage of Google’s ad revenue from searches on its devices. The arrangement led to a $20 billion payment from Google to Apple in 2022. Will AI add more value to technology company or eat on the markets ?
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