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"Microsoft&amp;#039;s search engine Bing is allegedly costing the firm $1 billion (\u00A3620m) in losses per quarter. CNN Money reports that the venture has racked up a deficit of $5.5 billion (\u00A33.5bn) to date, and is yet to turn a profit for its online search division. Stefan Weitz, Microsoft&amp;#039;s director of the search engine, said: &amp;quot;Our challenge is that no-one wakes up in the morning and says, &amp;#039;I really wish there was a better search engine&amp;#039;. &amp;quot;That&amp;#039;s why, for us, it&amp;#039;s always been about figuring out how to accomplish more than we thought was possible with a search engine. Eventually, people will expect to do more with search, and if they can&amp;#039;t, they&amp;#039;ll be disappointed.&amp;quot; The report also notes that Microsoft&amp;#039;s online search department has suffered total losses of $9 billion (\u00A35.8) since it began releasing financial figures in 2007, despite holding a 14.7% share of the market. Despite the reported deficit, Microsoft&amp;#039;s share in the online search sector is said to be increasing, due to its partnership with Yahoo. Google is the current market leader in the internet search field with a 64.8% share. The firm is currently under investigation for allegedly abusing its dominance.  &amp;gt; Read our latest technology news "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/news/a341843/microsoft-losing-1-billion-per-quarter-on-bing/>