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OPENAI WANTS TO HAMMER GOOGLE

TARIK KIZILKAYA / Getty Images
Douglas A. McIntyre
Published: July 26, 2024 7:10 am


 24/7 Wall St. Insights

 * A new OpenAI product may challenge Google’s search engine market dominance.
 * Google has reason to be extremely anxious.
 * Also: Discover the Next Nvidia

Alphabet Inc.’s (NASDAQ: GOOGL) Google has been the dominant search engine since
2000, capturing over 95% of the U.S. search market. However, it may soon face
real competition. OpenAI, the leading company in the artificial intelligence
industry, plans to launch SearchGPT. Initially, some results will come from its
media company partners.



According to the OpenAI website, “Getting answers on the web can take a lot of
effort, often requiring multiple attempts to get relevant results. We believe
that by enhancing the conversational capabilities of our models with real-time
information from the web, finding what you’re looking for can be faster and
easier.” Finding a statement that is a more significant challenge to Google’s
dominance would be hard.

One reason Google should be extremely anxious is that OpenAI has created AI
products at a feverish pace. While individuals can use most of its features for
free, corporations have to pay a fee based on usage.

OpenAI has massive sums available to drive advances in its technology. Although
it may lose as much as $5 billion this year, it has raised many times that,
including $10 billion from Microsoft. OpenAI was recently valued at $80 billion.

Even if SearchGPT is a highly successful product, it will almost certainly take
years to match Google’s success. In the most recent quarter, Alphabet had
revenue of $84.7 billion. Of this, Google’s advertising business produced $64.6
billion. That makes it an extremely attractive target.

10 AI Stocks to Buy With $1000 Right Now

“THE NEXT NVIDIA” COULD CHANGE YOUR LIFE



NVIDIA has returned 250-fold in the past 10 years as artificial intelligence
took off.

But if you missed out on NVIDIA’s historic run, your chance to see life-changing
profits from AI isn’t over.

The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009
just published a brand-new research report named “The Next NVIDIA.”

The report outlines key breakthroughs in AI and the stocks ready to dominate the
next wave of growth. The report is absolutely free. Simply enter your email
below



Get Report Now -- Its Free >>
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Read more: Technology, openai, Search Engines, SearchGPT

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Contact the 24/7 Wall St. editorial team.




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1 FACTOR DECIDES WHETHER NVIDIA SKYROCKETS THE REST OF 2024


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