NEW YORK (CNNMoney.com) - Google Inc. may soon change the way people "Google."

Google (Research) has acquired the rights to a new search technology that offers instant answers to queries without the need to go to another Web site, according to the Financial Times.

The search engine is reported to have won against rival bids from Yahoo! (Research) and Microsoft (Research) for the technology.

The Orion search engine, developed at the University of New South Wales in Australia, was developed by Ori Allon, a 26-year-old Ph.D. student, the newspaper said.

Allon said results to queries were displayed in the form of text extracts "giving you the relevant information without having to go to the Web site," according to the report.

The University of New South Wales will retain ownership of the technology, the newspaper said.

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