According to the New York Times, Google is making a major change to search with a new AI search engine called Project 'Magi.' Here's the rundown:

* Google has 160 engineers working on this project.

* It will have a chat-like interface, similar to ChatGPT.
Transactions such as booking a flight will start happening directly on Google search.

* Public release is expected to be next month for limited U.S. citizens.

The bottom line: Google is replacing the old-school method of displaying 10 results per page with an intelligent chatbot that provides instant answers.

Of note: This innovative move by Google comes after Samsung considered switching to Microsoft Bing as its default device search engine, potentially costing Google a staggering $3 billion in annual revenue.