Meta Platforms Plans Independent Search Engine to Support AI Chatbot

Meta Platforms, the parent company of Facebook, is reportedly working on developing its own search engine, according to a report by "The Information." The goal is to search the web for information and provide users of the AI-powered chatbot with relevant data. This move could help Meta reduce its reliance on Google's and Microsoft's Bing search services, which currently deliver information on current news, sports scores, and stock prices for the Meta AI assistant. The market's reactions were swift: the shares of Google's parent company Alphabet lost up to 0.8% in value after this news became public. In contrast, Meta saw a slight increase of 0.3%.