Cathie Wood Says Google Could Be in Big Trouble – The Motley Fool
Could OpenAI’s ChatGPT jeopardize Google Search’s longtime market dominance?
OK, Google? Cathie Wood doesn’t think so.
The Ark Invest CEO spoke at Fortune‘s Most Powerful Next Gen conference last week. And she argued that Alphabet‘s (GOOG 2.13%) (GOOGL 1.86%) could be in trouble. Why? The rise of OpenAI’s ChatGPT.
Google Search in the lurch
Wood stated at the Fortune conference,
I’ve never liked Google Search. You have to prompt it in a certain kind of way. ChatGPT is much easier. And I think it really is going to cause a lot of problems for Google.
She’s not the only one with that view. Several technology industry observers have expressed concerns that Google’s longtime dominance in search could be threatened by the launch of OpenAI’s generative AI application.
Those worries especially mushroomed after Microsoft (MSFT 0.89%) announced that it was investing more in OpenAI and integrating ChatGPT with its Bing search engine. This integration was only one part of a larger strategy…
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source: https://news.oneseocompany.com/2023/05/23/cathie-wood-says-google-could-be-in-big-trouble-the-motley-fool_2023052345133.html
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