Meta's AI-Powered Search Engine: A Potential Game-Changer in the Search Market

Why Meta Might Create the Best Search Engine Ever

AI now recommends over 50% of the content on Instagram and 30% of posts on Facebook, according to Meta chief Mark Zuckerberg. Meta is reportedly going after Google Search, Perplexity AI and OpenAI's SearchGPT. Mark Zuckerberg and his team are developing a search engine that uses the web to provide conversational answers about current events via the Meta AI chatbot, which will be accessible on WhatsApp, Instagram, and Facebook. This development follows Meta's partnership with Reuters, enabling the chatbot to use content from the media house to answer user questions in real time about news and current events. Currently, Meta relies on Google and Bing to deliver information to users regarding news, stocks, and sports on Facebook and Instagram. Meta Search, for Real? Developing a search engine wouldn't be difficult for Meta, considering its advanced search tools on Instagram and Facebook, which allow users to find each other easily on these social media platforms. In a recent interview with Zuckerberg, Aditya Agarwal, a partner at South Park Commons, who interned at Facebook in 2005, revealed that Zuckerberg had asked him to build a search engine for the platform. "I think when people come onto Facebook, the first thing they want to do is search for people," Zuckerberg had told Agarwal. When Agarwal initially said he didn't know how to build one, Zuckerberg replied, "If I can build Facebook, you can build a search engine." Fast-forward to today, Meta's internal search feature ranks among the best, alongside its recommendation engine, which boosts its ability to predict user interests. With a strong focus on research, Meta AI is making strides in projects such as MViT, XLM-R/XLM-V, and FLAVA/Omnivore to better grasp the semantic layers of content across diverse modalities -- images, text, audio, and video. Earlier this year, Zuckerberg revealed that AI now recommends over 50% of the content on Instagram and 30% of posts on Facebook. In this context, Meta's search feature is largely driven by user activity on the platform, which informs the generation and ranking of search results. The algorithm analyses thousands of signals to determine the most relevant content for each user. The company has created a retrieval system that, in just hundredths of a second, narrows down billions of content pieces to thousands and then to a few hundred relevant to a specific individual's interests. On the generative AI aspect, Meta Search is likely to be powered by Llama 4, which is set to be released by early next year and will have improved reasoning capabilities. Meta AI chief Yann LeCun refers to it as autonomous machine intelligence (AMI), which also means 'friend' in French. He believes these systems can truly help people in their daily lives by developing the ability to understand cause and effect and model the physical world. It makes sense for Meta to enter the search game, given the massive user base of its social media platforms. As of June 2024, WhatsApp has an estimated 3 billion unique active users worldwide, while Instagram reached over 2 billion monthly active users in early 2024. These platforms already integrate Meta AI chat. With the new search feature, users will be able to access real-time data directly within the platforms, eliminating the need to visit Google. The possibilities are endless. Meta recently launched Meta Ray-Ban glasses, which can answer users' queries through voice and are multimodal, meaning they can understand and see their surroundings as well. In the future, the search capability in the glasses will provide users with real-time information simply by asking interactive questions. Meanwhile, OpenAI recently rolled out the ability to search through chat history on ChatGPT web, allowing users to easily reference past conversations. Interestingly, according to AI insider Jimmy Apples, OpenAI was set to launch SearchGPT last week but pulled it back for one reason or another. "Not wanting to clash with Anthropic's release?" he questioned. Today, Google holds a user base advantage, but only time will tell how long it can maintain that lead. As of August 2024, ChatGPT has over 200 million weekly active users worldwide, while Perplexity AI has 10 million monthly active users. "Perplexity now serves over 100 million queries every week. Next stop: 100 million+ queries every day," said the Perplexity AI chief Aravind Srinivas in a recent post on X. In comparison, as of October 2024, Google's estimated user base is around 4.97 billion people out of the world's 5.44 billion internet users. Google chief Sundar Pichai, recently revealed that the company is planning to expand its generative AI search feature called 'AI Overviews' to more than 100 countries, making it available to more than 1 billion users. Can Meta Really Pull it Off? Given its history, Meta doesn't have a strong track record when it comes to copying others' products. For instance, last year it launched Threads as a competitor to X (formerly Twitter), but its user base is still far from reaching Instagram or WhatsApp's status. As of August 2024, Threads crossed 200 million users. Meta could potentially capture the advertising industry from Google through its search feature. In the recent quarter, Google Search and other advertising revenue rose by 12%, reaching $49.4 billion. Meanwhile, Instagram generated $39 billion in revenue in 2023. Although this figure is lower, Meta still has a chance to catch up, to say the least. Meanwhile, Perplexity AI already has plans to integrate advertising into its services. In a recent interview with a major publication, Srinivas revealed that Perplexity's AI advertising, unlike Google's, won't compromise the quality of the answers. Srinivas said they won't tinker with answers. Instead, they would provide ads through the suggested follow-up questions. "Let's keep the answers accurate and truthful, and let's incentivize users to learn more about brands through suggested sponsored questions," he said. He explained that after each query, Perplexity suggests follow-up questions. He added that, in the future, one or two of those questions might be sponsored. The search territory, dominated by Google for years, now appears to be losing ground, and it would be intriguing to see how the industry takes shape.

Meta reportedly building AI search engine to cut reliance on Google,...

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 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. 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. Meta said last week its AI chatbot will use Reuters content to answer user questions in real time about news and current events.

Look out, Google -- Meta AI is reportedly developing its own search engine

In an effort to stay competitive in AI development, Meta is reportedly creating its own search engine. The move, reported by The Information, is intended to reduce dependence on Google and Microsoft Bing, which currently feed Meta AI with news, sports and stocks. According to a Meta insider, this initiative could serve as a backup in case the partnerships with the tech giants shift. Led by senior engineering manager, Xueyuan Su, over the last year, Meta has been quietly advancing its web-crawling and indexing technologies by gathering and organizing web data into searchable indexes. The ultimate aim is for Meta AI to deliver live, conversational answers independently, enabling the platform to address user questions without reliance on any outside search platform. Meta has even expanded its reach with a recent partnership with Reuters to enhance Meta AI's responses to topical queries. This multifaceted approach to minimizing reliance on competitors comes from CEO Mark Zuckerberg, who has previously voiced concerns about Meta's reliance on other major firms. This includes Apple, whose changing data-sharing practices on iPhones impacted Meta's ad revenue streams. Meta's AI chatbot, which now reaches 185 million weekly users, signifies the solid footing within its social platforms, including Facebook, Instagram and WhatsApp. Though still trailing OpenAI's ChatGPT, this figure highlights Meta AI's appeal to a broad audience. As more people turn to AI tools like ChatGPT for fast, conversational answers, Meta aims to adapt to user behaviors by developing AI solutions within its own ecosystem and integrating its chatbot across social platforms. The goal is to keep users engaged while laying the groundwork for more advanced AI functionalities in the future.

Meta is reportedly building its own AI-powered search engine

Tech giant Meta is reportedly looking at creating its own AI-powered search engine in a bid to reduce its reliance on existing search products, including Google and Microsoft's Bing. The new search engine will create conversational AI-generated summaries of recent information and current events and deliver them to users through Meta's AI chatbot, according to an Oct. 28 report from The Information, which cited an anonymous source familiar with the matter. According to the source, a dedicated engineering team at Meta has been working on the project for the last eight months to build out a database of relevant information for the new search engine to utilize. Meta's AI chatbot -- which is integrated with the firm's suite of social media apps, including Instagram, Facebook, and WhatsApp -- currently depends on Google and Bing search engines to provide answers to user questions. Meta's move to launch a proprietary search engine follows similar moves from several other large AI players, including Sam Altman's OpenAI. In July, OpenAI unveiled a search engine prototype called "SearchGPT" with plans to integrate the feature directly into its chatbot ChatGPT in the future. Similarly, an Oct. 2 report from Bloomberg shared that Apple had confirmed it had made necessary steps to look at replacing some elements of Google search functionality with its own AI tools. More recently, Meta announced a multiyear partnership with news agency Reuters to integrate AI-powered chat functions into its platforms on Oct. 25, its first foray into news content in several years. Related: Nvidia's new open-source AI model beats GPT-4o on benchmarks Meta's shift toward integrating news with its AI chatbot diverges from its efforts to minimize news and political content across its main platforms. Following controversies in recent years, including Meta's discontinuation of its "News Tab" and reduced emphasis on political news post-2020, the tech giant had largely distanced itself from news-focused features. However, the new AI deal hints at a potential return to news in a more controlled capacity, targeting users who seek news actively rather than passively receiving it in their feeds.

Watch out, Google: Meta is reportedly working on an AI-powered search engine

Meta has reportedly been working on its AI search engine for months. Credit: Mamun_Sheikh / Shutterstock According to a report from The Information, Meta is working on an AI-powered search engine to power its Meta AI feature on Facebook, Instagram, WhatsApp, and Messenger. Currently, the Meta AI search function uses Google Search and Microsoft's Bing to surface real-time information about news, sports, and stocks. Meta also recently struck a deal with Reuters for providing news reports in Meta AI responses. But Meta's reported development of its own search engine is an effort to rely less on its competitors' search engines, especially if the circumstances of the arrangements change. The rise of generative AI, plus a decrease in Google Search quality, has many users turning to platforms like ChatGPT and Perplexity instead of traditional search engines. With Meta going all on its flagship Meta AI search function, the company hopes to get users searching on its apps, although some find the Meta AI search bar annoying and intrusive since it can't be turned off. Meta's search engine team has reportedly been indexing sites and organizing them into databases for at least eight months. As previously reported, Meta quietly launched a web crawler in July to source information for its Meta AI training. This is similar to OpenAI's GPTBot, which scrapes the web for ChatGPT training data, and prompted many news sites to block the web crawler by adding a robots.txt line of code to its codebase. However, OpenAI and Anthropic were also found to have ignored the robots.txt block rule.

Meta Might Be Developing an AI-Powered Search Engine

Meta's web crawlers were reportedly spotted recently Meta currently uses Google and Bing for its AI chatbot Meta has also released an AI podcast generator tool Meta is reportedly developing an artificial intelligence (AI) search engine. According to a report, the social media giant wants to compete with existing players such as Google, Microsoft's Bing, and DuckDuckGo. The company reportedly plans to use AI for the search engine, likely giving it a Perplexity-like avatar. Key details about the platform's implementation are currently missing. It is believed that the company wants to reduce the reliance on other search engines to source data for its AI chatbots. Notably, Meta also released NotebookLlama, an open-source audio-based podcast generation tool, to compete with Google's NotebookLM. The Information reported that the social media giant has started work on an in-house AI search engine. Citing people familiar with the matter, the publication claimed that Meta has set up a dedicated team to develop the search engine. This corroborates with an earlier report that the company's web crawlers were spotted in large numbers scouring the Internet. This is usually important to get relevant data to rank websites and content when a search request has been sent. An AI-powered search engine is not a new concept. Perplexity is one of the biggest players in this space and offers its AI platform that curates information from multiple sources to present the most relevant output in a simple-to-read format. While the report did not share any details about Meta's implementation of the AI search engine, it is likely that it could also work the same way. Currently, the Meta AI chatbot uses Google Search and Microsoft Bing to find web information for user queries. This could be an expensive endeavour for the company given API requests can accumulate in large volumes, and the social media giant has not monetised its AI chatbots. It is difficult to say whether Meta aims to create a specific search engine domain or use the capability to reduce the reliance on Google and Microsoft for web search capability. This can only be known once the company makes an official statement regarding the same. The report did not highlight any launch timeline for the AI search engine but mentioned that a team has been working on it for the last eight months.

Meta Is Reportedly Developing Its Own AI-Powered Search Engine And Reducing Dependency On Google And Microsoft

When it comes to developing AI technologies, companies are not slowing down and are continuing to evolve their platforms and features. Google and Microsoft have been very aggressive in their approach. Now, Meta is reportedly working on its own AI-powered search engine that provides search summaries of recent events through the Meta AI chatbot. This initiative is the company's step towards reducing its reliance on Google and Microsoft, as Meta's chatbot currently uses Google and Bing for user queries related to sports, stocks, or the news. While Meta has relied on Google and Microsoft primarily when it comes to user queries about recent events, that is now going to change. According to The Information, Meta is working on its own AI-powered search engine that will give AI-generated summaries of current events through the Meta AI chatbot. Meta's AI chatbot has been integrated into Instagram and Facebook and relies on Google and Microsoft for answers to users' prompts about current events. The company is now stepping towards building its own AI-powered search engine and depending less on external search engines. This transition would fulfill Meta's broader perspective of an in-house AI search system that would give users a more streamlined experience with holistic solutions to news queries. The source also gives us more details on web crawlers seen scouring the web in recent months and also the ongoing effort by Meta's team to build a comprehensive database in order to support the AI chatbot to handle real-time queries and answers and highlights the vigorous work has been going on for about eight months now. Alongside this, Meta has also been working on gathering location data that may help it compete with Google Maps in the future. Apple has been actively working on its standalone AI-powered search engine, as a Bloomberg report earlier pointed towards Apple's plan to reduce dependency on Google by developing a similar product to its rival. OpenAI has also confirmed that it is working on a new AI tool called SearchGPT, which would have real-time access to information across the internet and would be able to give more relevant answers. We see an increasing number of companies working on either trying to rival Google's search engine or building its in-house search engine to have a seamless experience across their eco-system. Meta's own AI-powered search engine is a huge pivot in reducing dependency and streamlining processes and could be a game-changer for the company.

Meta is building an AI search engine - could it be the true Google rival we've been waiting for?

Meta is developing an AI search engine to replace Google and Microsoft in Meta AI. The search engine would give Meta AI chatbot answers without the need for an external source. The Information reports "Meta hopes to lower its reliance on Google Search and Microsoft's Bing, which currently provide information about news, sports and stocks to people using Meta AI, according to a person who has spoken with the search engine team." This news comes off the back of Meta AI's new partnership with Reuters which allows users to get answers about news and current events from the latest Reuters reporting without leaving Facebook, Instagram, or WhatsApp. Meta wants Meta AI to be self-sufficient, without the need to rely on other technologies to provide the best user experience possible. The development of an AI-powered search engine would be a huge step in this direction. The Information states Meta's spokesperson declined to comment, but considering Meta AI has more than 185 million weekly users, it wouldn't be a surprise to see Meta double down on its own technology to keep all that search traffic in-house. AI search engines are growing in popularity with options such as Perplexity and Arc Search proving to be incredibly useful tools for searching the web. AI search engines differ from a regular Google search by compiling summaries based on search results and providing the end-user with links to original sources to further their research should they require. If Meta does develop an AI search engine, we could see a genuine rival to Google's own search as large companies start to move into the AI search engine space. OpenAI's SearchGPT is rumored to launch before the end of the year, and now we're wondering if we could see Meta's alternative before 2025 too?

Meta Develops AI Search Engine to Reduce Dependence on Google and Bing: Report

Meta's partnership with Reuters aims to provide real-time news responses. Meta Platforms is reportedly working on an artificial intelligence (AI)-based search engine as it looks to reduce its dependence on Alphabet's Google and Microsoft's Bing, the Information reported on Monday. The Instagram owner currently relies on Google and Bing search engines to provide users with answers about news, stocks, and sports. Also Read: IndiaAI and Meta Partner to Advance Open-Source AI Innovation, R&D and Skill Development Meta's web crawler will enable its chatbot, Meta AI, on WhatsApp, Instagram, and Facebook to deliver conversational answers to users regarding current events, the report said, citing a source involved with the strategy. Google is also integrating its latest and most powerful AI model, Gemini, into core products like Search, aiming to deliver more conversational and intuitive search experiences. OpenAI leverages its major investor, Microsoft, for web access through the Bing search engine to answer topical queries. However, scraping web data to train AI models and search engines has raised concerns regarding copyright infringement and the fair compensation of content creators. Also Read: Meta AI Expands to 21 New Countries, Including the UK and Brazil Last week, Meta Platforms announced that its AI chatbot would utilise Reuters content to answer user questions in real time about news and current events. This is the latest major tie-up between a big technology company and a news publication. The companies did not disclose the financial details of the partnership. According to Reuters, the deal comes at a time when the Facebook parent has been reducing news content on its services following criticism from regulators and publishers over misinformation and disagreements about revenue sharing. Meta AI, the company's chatbot, is available across its services, including Facebook, WhatsApp, and Instagram. However, Meta did not disclose its plans to use Reuters content to train its large language model. Through its partnership with Reuters, "Meta AI can respond to news-related questions with summaries and links to Reuters content," a Meta spokesperson said, according to a Reuters report. Also Read: Everyone in India Can Ask AI Assistants Questions About Health Issues, Says Meta Official: Report Other companies, including ChatGPT maker OpenAI and Perplexity AI, have struck similar AI partnerships with news organisations.

AI News: Meta To Challenge Google's Dominance With AI-Powered Search Engine

Meta Platforms develops an AI search engine to reduce reliance on Google and Bing, offering real-time conversational answers via Meta AI. Meta Platforms is advancing its efforts in the artificial intelligence space by developing an AI-based search engine. This move aims to decrease its dependence on Alphabet's Google and Microsoft's Bing. The project comes as the competition within the AI search engine market intensifies, with industry players such as OpenAI, Google, and Microsoft striving for market leadership. Meta's new AI search engine will provide users with conversational answers about current events through Meta AI. This chatbot, already integrated into platforms like WhatsApp, Instagram, and Facebook, currently utilizes Google and Bing for information on various topics, including news, stocks, and sports. By creating its own search solution, Meta aims to control the search experience more directly and reduce reliance on external providers. The development was initially reported by The Information, citing a source familiar with Meta's search engine project. According to the report, Meta's search engine is expected to enhance user engagement with Meta AI, providing a more seamless and direct way to obtain information. Meta has not yet issued a public comment on the new development.

Meta is developing a search engine so it can decrease its reliance on Google and Microsoft

According to a new report, Meta has been indexing the web for at least eight months. The company aims to have its own search engine that can be called on and integrated into Meta AI. This will give its chatbot and other generative AI tools an alternative to Google Search and Microsoft Bing while decreasing the company's reliance on the services of its competitors. Meta has been using web crawlers for a while, which are part of Facebook and 'crawl' the content and information of links shared on Meta's social media platform. This is different in that it would be used primarily for AI search, and as such, it would need to scrape and crawl the entire internet for information and training. The company has yet to detail its search engine plans formally. Still, it recently announced a multi-year partnership with a news outlet, Reuters, for the Meta AI chatbot to use the source with citations when answering questions. It's unclear if Google or Microsoft is currently charging Meta for access to web searches; however, another reason Meta would look toward creating a search engine is redundancy. If access to Google Search or Microsoft Bing was revoked or stopped for any reason, it makes sense to have a backup or alternative solution. Meta AI is also growing rapidly, with Mark Zuckerberg stating at the Meta Connect 2024 in September that the platform has "almost" 500 million monthly active users. "We're almost at 500 million monthly activities, and we haven't even launched in some of the bigger countries yet," Zuckerberg said, referencing the EU and its many countries where Meta AI has yet to become available.

Meta Takes on Google and Microsoft's Bing with Planned AI-Driven Search Engine

Meta Ventures into AI-Powered Search to Compete with Major Industry Players In a bold move to compete with industry giants like Google and Microsoft, Meta is reportedly developing its own artificial intelligence (AI)-powered search engine. As reported by The Information, the social media conglomerate aims to enter the search market to reduce its reliance on external sources like Google and Bing, which currently supply information for Meta's AI chatbots. With this ambitious endeavour, Meta seeks to claim its place in the competitive landscape of AI-driven search technologies alongside platforms like Perplexity.

Meta Develops AI Search Engine to Lessen Reliance on Google, Microsoft

As Meta Platforms tries to keep up with OpenAI in developing artificial intelligence, the Facebook owner is working on a search engine that crawls the web to provide conversational answers about current events to people using its Meta AI chatbot. In doing so, Meta hopes to lower its reliance on Google Search and Microsoft's Bing, which currently provide information about news, sports and stocks to people using Meta AI, according to a person who has spoken with the search engine team. It could also give Meta a backup option if Google or Microsoft withdrew from these arrangements, according to a person who has been involved with the strategy.

Meta is reportedly developing a search engine for its chatbot

The company wants to decrease Meta AI's reliance on Google and Microsoft. Stung from the hit it took from an Apple privacy feature three years ago, Meta is reportedly looking to decrease its dependence on Google and Microsoft. The Information said on Monday that Meta is developing a search engine for its chatbot. The company also recently partnered with Reuters to help its AI answer news-related questions. Meta has reportedly been working on indexing the web for at least eight months. The company's goal is said to be to integrate the indexes into Meta AI, giving the chatbot an alternative to Google Search and Microsoft Bing. Meta publicly disclosed its web crawler tech this summer, only saying it was for "training AI models or improving products" without stating outright that it was building a search backend. Senior engineering manager Xueyuan Su is reportedly leading the search engine project. The Information says the move directly results from dependence on other Big Tech companies that have "stung" the company in the past, like Apple's App Tracking Transparency (ATT). Meta previously said the iPhone privacy feature introduced in 2021 would cost over $10 billion in lost ad revenue. (It was so concerned about the feature it was sued for allegedly evading its rules.) The thinking is that CEO Mark Zuckerberg wants Meta to be as autonomous as possible to avoid a repeat of that if Google or Microsoft were to cut off its access to web searches. It's unknown if Meta currently pays either company for that access. Engadget reached out to Meta for comment. We'll update this story if we hear back. The company's AI investments appear to be paying off. Zuckerberg posted on Threads in August that Meta AI has over 185 million weekly active users and more than 400 million monthly. "Growing quickly, and we haven't even rolled out in UK, Brazil, or EU yet," the Facebook founder wrote. OpenAI said early this month that ChatGPT had 250 million weekly users.

Meta Reportedly Takes on Google With AI-Powered Search | PYMNTS.com

Meta is reportedly creating an artificial intelligence-powered search engine to lower dependence on Google. The tech giant's web crawler would be able to offer conversational answers to queries about current events on Meta AI, Reuters reported Monday (Oct. 28), citing a paywalled article by The Information. Meta uses Google and Microsoft-owned Bing to provide answers for users searching for news and sports information, per the report. In other Meta AI news, PYMNTS last week looked at the company's efforts to use AI and its new augmented reality headset to promote digital shopping. Retail analysts argue that the company's combination of AI and augmented reality could change how consumers shop, letting them interact with 3D product displays, get AI-powered style recommendations, and test items in virtual environments before buying. "AI is set to revolutionize personalized shopping by analyzing vast amounts of consumer data in real time to tailor recommendations and experiences," Dorota Wróbel, general manager of digital marketplace G2A, told PYMNTS Friday (Oct. 25). "For businesses, integrating AI will streamline how they present products, allowing for highly customized suggestions based on individual preferences and behaviors. This level of personalization will improve engagement and help shoppers make more informed decisions, enhancing the overall shopping experience across digital platforms." Meanwhile, PYMNTS explored how AI is transforming how people search the web and shop online in a report earlier this year, noting that the technology was making these experiences more personalized and intuitive. "AI-powered search goes beyond simple keyword matching and can interpret the meaning and context of a query to locate the most useful information," Arsalan Vossough, chief technology officer and co-founder of VinoVoss, an AI-driven wine search engine, told PYMNTS in an interview published May 17. AI search tools gain a deep understanding of complex queries and deliver tailored results and recommendations. VinoVoss, for instance, can take a user's description of their ideal wine -- including price, taste profile and food pairing -- and offer the most relevant bottles. "The future of search will be defined by AI's ability to understand and anticipate user needs in ways that traditional keyword-based engines simply can't match," Vossough said.

Meta Platforms Is Building AI-Powered Search Engine To Slash Reliance On Alphabet's Google, Microsoft: Report - Meta Platforms (NASDAQ:META)

Meta aims to reduce reliance on Alphabet's Google and Microsoft's Bing. Meta Platforms Inc META is in the process of developing an AI-powered search engine as the company aims to reduce reliance on other big tech players. What To Know: Meta is working on an AI-based search engine that crawls the web for answers and delivers information to users through the Meta AI chatbot, according to a report from The Information. Meta is reportedly taking on the project in an effort to reduce reliance on Alphabet Inc GOOGGOOGL and Microsoft Corp MSFT. The company currently uses Google and Bing search engines to provide its Meta AI users with answers on news, sports and stocks. According to a person who spoke with the search engine team, Meta's new AI search engine will provide conversational answers about current events. Check This Out: AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia? The news follows reports from last week indicating Meta struck a deal to use Reuters content to answer user questions in real-time. Meta is scheduled to report third-quarter financial results after the market close on Wednesday. The company is expected to report earnings of $5.24 per share and revenue of $40.268 billion. Last quarter, Meta beat analyst estimates as revenue jumped 11% year-over-year and daily actives climbed 7%. The company said in the earnings release that Meta AI was on track to be the most used AI assistant in the world by the end of the year. Meta has beat analyst estimates on the top and bottom lines in six straight quarters heading into Wednesday's print, according to Benzinga Pro. META Price Action: Meta Platforms stock was up 0.82% at $577.95 at the time of publication Monday, according to Benzinga Pro. Read Next: Is S&P 500 Headed For A Lost Decade? Analysts Say 'We May Have Forgotten About Dividends' Photo: Shutterstock. Market News and Data brought to you by Benzinga APIs

Meta Developing Its Own AI Search Engine, The Information Says

Facebook owner Meta Platforms Inc. is working on developing a search engine that crawls the web for information to provide to people using its AI chatbot, the Information reported Monday. Meta is looking to reduce its dependence on Google and Microsoft Corp.'s Bing, which currently provides information about news, sports and stocks to people using Meta AI, The Information said, citing an unidentified person who it said had spoken with the company's search engine team.

Meta Works on AI Search Engine to Lessen Reliance on Google, Microsoft

Meta Platforms is working on a search engine that crawls and indexes the web so its artificial intelligence assistant can provide information about current events and news, The Information reported . The work aims to lessen Meta's reliance on Google Search and Microsoft's Bing, which currently provide information about sports, stocks and other current events to people using the Meta AI