Alphabet Stock: Google Search Unlikely to Lose Much Share to Bing … – TipRanks
Alphabet (GOOGL) has announced that it has opened a waiting list to get access to Bard, Google’s AI chatbot tool designed to take on ChatGPT, and within its role in Search, provide a riposte to the tech integrated inside Bing, Microsoft’s search engine.
The launch reflects Google’s attempt to regain ground lost to its Big Tech rival in what appears to be a new paradigm in the Search universe.
That said, Stifel analyst Mark Kelley thinks concerns over Google losing share are overblown. “We believe the recent press surrounding Microsoft’s OpenAI demonstrations have conflated use-cases within Search and do not present an existential threat to the core Google Search business,” the 5-star analyst said.
While the search giant’s initial presentation of its AI-based products left a lot to be desired, Kelley expects the company to offer “similarly convincing products within its greater search business (and others) that will keep Google users satisfied.”
Nevertheless, taking a conservative…
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source: https://news.oneseocompany.com/2023/03/22/alphabet-stock-google-search-unlikely-to-lose-much-share-to-bing-tipranks_2023032242424.html
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