Alphabet won't talk about the Google-Apple AI deal, even to investors

Alphabet declined to discuss the Google-Apple AI partnership, even during an earnings call, signaling that the company isn't ready to reveal how this collaboration will affect its core AI business. Historically, Google and Apple have had a mutually beneficial relationship, with Google paying Apple $20 billion to be the default search engine on Apple devices. The latest AI deal between the two companies is rumored to cost Apple around $1 billion annually, but the long-term benefits for Google remain uncertain. Google is currently experimenting with ads in AI Mode and agentic shopping, while its competitor Anthropic is challenging the ad-supported AI business model.