'OpenAI Plans To Announce Google Search Competitor On Monday, Sources Say' - Reuters News
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OpenAI is set to announce a new AI-powered search product on Monday, aiming to compete with Google's search engine. This move intensifies the rivalry between OpenAI, supported by Microsoft, and Alphabet's Google. The product, an extension of ChatGPT, will allow the chatbot to fetch real-time information from the web with citations. The announcement is strategically planned before Google's I/O conference. Meanwhile, startup Perplexity, with a former OpenAI researcher and 10 million monthly users, is also mentioned as a competitor in the AI search space.
May 09, 2024 | 10:40 pm
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NEGATIVE IMPACT
OpenAI's announcement of an AI-powered search product directly challenges Alphabet's Google, potentially impacting Google's dominance in the search market.
The introduction of a competitive AI-powered search product by OpenAI could divert users and advertisers from Google, negatively affecting Alphabet's market share and revenue in the search engine space.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Microsoft's backing of OpenAI positions it favorably in the AI search market competition against Google, potentially benefiting from the new product's success.
Microsoft's association with OpenAI and its new search product could enhance its competitive position against Google in the search and AI markets, possibly leading to increased user engagement and revenue through Bing and other Microsoft services integrated with OpenAI's technologies.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80