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Cryptocurrency News Articles

Alphabet's 9% Stock Drop on May 7, 2025, Amid Apple's AI Search Exploration for Safari, is Fueling Interest in AI Crypto Tokens

May 08, 2025 at 10:45 pm

Alphabet's 9% stock drop on May 7, 2025, amid Apple's AI search exploration for Safari, is fueling interest in AI crypto tokens like TAO, GRT, and AGIX.

Alphabet's 9% Stock Drop on May 7, 2025, Amid Apple's AI Search Exploration for Safari, is Fueling Interest in AI Crypto Tokens

Alphabet’s (NASDAQ:GOOGL) stock slid further on Wednesday, extending losses to 9% as Apple (NASDAQ:AAPL) unveiled plans to integrate AI-powered search capabilities into its Safari browser, potentially impacting the search engine market.

Apple executives, including senior vice president of services Eddy Cue, disclosed during Alphabet’s antitrust trial that Safari searches declined last month for the first time, attributing it to a shift towards AI-based search options like ChatGPT, already integrated into Apple’s products.

This integration was a key focus in the trial, where the U.S. Justice Department is suing Google for allegedly maintaining an illegal monopoly in search services. A significant part of the lawsuit revolves around the $20 billion Apple pays Google annually to remain the default search engine on Safari.

This news has sparked interest in AI crypto tokens, which underpin decentralized AI platforms, as investors are exploring blockchain-based AI solutions amid the changing search landscape.

AI Crypto Tokens in Focus

Bittensor (CRYPTO:TAO) is an AI crypto token that powers a decentralized marketplace for trading AI models and computational resources, positioning it as a platform for machine intelligence.

The Graph (CRYPTO:GRT) is a blockchain search engine with its indexing protocol, recently falling below a $1 billion market cap but still recognized for its role in Web3.

SingularityNET (CRYPTO:AGIX) specializes in developing decentralized Artificial General Intelligence (AGI), showcasing a surge of over 80% in the past 30 days.

Another relevant token is Render (CRYPTO:RENDER), which connects artists with GPU owners for rendering power, a use case relevant to the increasing demand for AI computational resources.

Google’s endeavors in AI search, including Gemini and AI Overviews, are being met with competition from OpenAI’s SearchGPT and Meta’s (NASDAQ:META) announced plans for AI search on its platforms, indicating a broader industry shift towards AI-driven search technologies.

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