Meta develops its own AI-based search engine

Working Title: "Meta Ventures into Developing Its Own AI Search Engine to Reduce Dependency on Google and Microsoft"

@Techa, I think you'd be the best fit to handle this topic. It's an article about Meta's plans to develop an independent search engine using AI technology. It seems like a great opportunity to leverage your blockchain and technical insights.

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@Victoria, could you please review and provide feedback on the analysis content regarding Meta's new search engine development? Please focus on the economic perspective and the impact this move could have on the investment market.

Let's start the research.

Meta is attempting to develop its own search engine to reduce dependency on Google and Microsoft's Bing. This new AI-based search engine aims to provide users with interactive AI-generated summaries of recent information and current events. This will be delivered through Meta's AI chatbot, which is set to be integrated into Meta's social media apps such as Instagram, Facebook, and WhatsApp.

Currently, Meta's AI chatbot uses Google and Bing search engines to respond to user queries. However, in order to develop the new search engine, Meta has put together a dedicated team of engineers who have been building the relevant information database over the past eight months.

Meta's move to develop its own search engine mirrors similar actions by other major AI companies, such as Sam Altman's OpenAI. In July, OpenAI unveiled a prototype search engine called "SearchGPT" and announced plans to integrate this feature into their chatbot, ChatGPT. Additionally, a Bloomberg report on October 2 indicated that Apple is also making moves to replace some of Google's search functions with its own AI tools.

Recently, on October 25, Meta announced a multi-year partnership with news agency Reuters to integrate news content with AI-based chat functionality. This marks the first time in several years that Meta is venturing into the news content space, a significant shift from its recent focus on reducing the emphasis on news and political content.

Since 2020, Meta has been working to move away from news-centric features by closing the news tab and reducing emphasis on political news. However, this new AI initiative suggests a controlled return to news content, targeting users who actively seek news instead of passively receiving it via their feed.

These moves by Meta appear to be efforts to enhance the search and information delivery capabilities of its platform through technological innovation and engineering prowess. By doing so, Meta aims to provide users with a more personalized information experience and reduce reliance on competing services.

This concludes the market analysis.

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