Google: How ChatGPT may still be way far from ‘hurting’ Google – Gadgets Now
Microsoft-backed AI platform ChatGPT may be losing some of its magic. ChatGPT app downloads are slowing down. According to a note from Bank of America Securities’ (BofA) analyst Justin Post, OpenAI’s ChatGPT is not on pace to challenge Google’s grip as the search engine leader. He claims that the app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks. He cites data from research firm Sensor Tower. OpenAI launched ChatGPT in December 2022, the generative AI-based chatbot became an overnight success.
According to the note, ChatGPT downloads on iPhones in the US were down 38% month over month in June. Bing app downloads, which includes a ChatGPT-based chatbot in the US, were also down 38% in June.
Google’s search engine market share is slightly up year over year at over 92%, according to the note, citing SimilarWeb data. Microsoft’s Bing, which uses OpenAI’s ChatGPT technology, was down 40 basis points on an annual basis to about 2.8% of the market.
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source: https://news.oneseocompany.com/2023/07/05/google-how-chatgpt-may-still-be-way-far-from-hurting-google-gadgets-now_2023070547266.html
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