Google I/O 2023: Search king adds AI to respond to Microsoft challenge

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Google is rolling out more artificial intelligence for its core search product, hoping to create some of the same consumer excitement generated by Microsoft's update to rival search engine Bing in recent months

At its annual I/O conference in Mountain View, California, on Wednesday, Google offered a new version of its namesake engine. Called the Search Generative Experience, the revamped Google can craft responses to open-ended queries while retaining its recognizable list of links to the Web.

Alphabet's shares rose 4% on Wednesday. They are up 26% so far this year, compared with the 8% rise in the S&P 500 index in the same time frame. OpenAI, backed by billions of dollars from Microsoft and now integrated into Bing search, has become for many the default version of generative AI, helping users spin up term papers, contracts, travel itineraries, even entire novels.

Addressing how AI can spout incorrect information, Edwards said the company prioritized accuracy and citing trusted sources.

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