Apple stands to lose the $20 billion it earns annually from making Google the default search engine in Safari. According to Apple's services chief Eddy Cue, the company is already exploring AI-powered alternatives.

Following Apple mentioning that it was looking to add AI search to the iPhone and perhaps replace Google, shares in the search engine giant dropped over 7% — and Google didn't like it.

Apple Inc. is “actively looking at” revamping the Safari web browser on its devices to focus on AI-powered search engines, a seismic shift for the industry hastened by the potential end of a longtime partnership with Google.