Google shares are trading lower after a report suggesting OpenAI will launch 'SearchGPT.'
Portfolio Pulse from Benzinga Newsdesk
Google shares are trading lower following a report that OpenAI is planning to launch 'SearchGPT,' a new search engine product.
July 25, 2024 | 6:30 pm
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NEGATIVE IMPACT
Google shares are trading lower due to concerns over potential competition from OpenAI's upcoming 'SearchGPT' product.
The news of OpenAI launching a competing search engine product has raised concerns about Google's market dominance in search, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc. shares are trading lower due to concerns over potential competition from OpenAI's upcoming 'SearchGPT' product.
The news of OpenAI launching a competing search engine product has raised concerns about Alphabet Inc.'s market dominance in search, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100