Alphabet shares are trading lower following a report indicating OpenAI has added search to ChatGPT.
Portfolio Pulse from Benzinga Newsdesk
Alphabet shares are experiencing a decline after reports that OpenAI has integrated a search feature into ChatGPT.
October 31, 2024 | 4:36 pm
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NEGATIVE IMPACT
Alphabet's stock is trading lower due to OpenAI's addition of a search feature to ChatGPT, which could heighten competition in the search engine market.
The integration of search into ChatGPT by OpenAI poses a competitive threat to Alphabet's core search business, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Alphabet's stock is trading lower due to OpenAI's addition of a search feature to ChatGPT, which could heighten competition in the search engine market.
The integration of search into ChatGPT by OpenAI poses a competitive threat to Alphabet's core search business, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90