AI Outshines Bitcoin In Number Of Google Searches: A New Trend In 2023
Portfolio Pulse from Benzinga Neuro
Artificial intelligence (AI) has surpassed 'Bitcoin' and 'Crypto' as the most searched term on Google in 2023, with a significant increase in interest following the launch of OpenAI's ChatGPT. Despite Bitcoin's price recovery in 2023, it still deals with the aftermath of the 2022 bear market. The rise in AI searches also extends to job-related queries, with 'AI jobs' searches outpacing 'crypto jobs'. This trend reflects AI's growing prominence in daily life and may indicate a shift in public interest from cryptocurrencies to AI technology.
December 27, 2023 | 11:55 am
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NEGATIVE IMPACT
Bitcoin may see a decrease in public interest and potential investment as AI-related searches surpass those for Bitcoin and Crypto on Google.
The shift in public interest from Bitcoin to AI as indicated by Google search trends could negatively impact investor sentiment towards Bitcoin. The relevance is moderate as Bitcoin is not directly related to Google searches but is affected by public interest. The importance is moderate because search trends can influence investor behavior. The confidence level is moderate due to the indirect nature of the impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Google's parent company, Alphabet Inc., may experience increased engagement and potential revenue opportunities due to the surge in AI-related searches on its platform.
The increase in AI-related searches on Google suggests higher user engagement on the platform, which could lead to more ad revenue and positive sentiment for Alphabet Inc. The relevance is high as Google is the platform for these searches, and the importance is significant due to potential revenue impact. The confidence level is strong given the clear correlation between search trends and platform usage.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80