عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

Meta Develops Own AI Search Engine to Cut Reliance on Google, Bing, the Information Reports

The Meta logo is seen at the Vivatech show in Paris, France, Wednesday, June 14, 2023. (AP)
The Meta logo is seen at the Vivatech show in Paris, France, Wednesday, June 14, 2023. (AP)
TT
20
TT

Meta Develops Own AI Search Engine to Cut Reliance on Google, Bing, the Information Reports

The Meta logo is seen at the Vivatech show in Paris, France, Wednesday, June 14, 2023. (AP)
The Meta logo is seen at the Vivatech show in Paris, France, Wednesday, June 14, 2023. (AP)

Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet's Google and Microsoft's Bing, the Information reported on Monday.
The AI search engine segment is heating up with ChatGPT-maker OpenAI, Google and Microsoft all vying for dominance in the rapidly evolving market, according to Reuters.
Meta's web crawler will provide conversational answers to users about current events on Meta AI, the company's chatbot on WhatsApp, Instagram and Facebook, according to the report, which cited a person involved with the strategy.
The Facebook-owner currently relies on Google and Bing search engines to give users answers on news, stocks and sports.
Meta did not immediately respond to a Reuters request for comment.
Google is aggressively integrating its latest and most powerful AI model, Gemini, into core products like Search, aiming to deliver more conversational and intuitive search experiences.
OpenAI relies on its largest investor, Microsoft, for web access to answer topical queries, using its Bing search engine.
Scraping web data to train AI models and search engines, however, has raised concerns about copyright infringement and fair compensation for content creators.

Most Viewed

 
Technology

EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
TT
20
TT

EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.