Google’s search for dominance complicated by emergence of … – Independent.ie
As the dominant force in online search, Alphabet’s Google has for years had little to challenge its supremacy. But the rapid adoption of OpenAI’s ChatGPT has some investors concerned that may be about to change.
While Alphabet stock has risen 19pc this year amid a rebound in technology stocks, it’s had several steep drops amid concerns that Google is at risk of losing clicks to Microsoft Corp., which is incorporating ChatGPT into its Bing search engine.
On Monday, the shares fell as much as 4pc on a report that Samsung Electronics has considered replacing Google with Bing as the default search engine on its devices. That followed a 12pc decline over two days in February after a demonstration of Google’s homegrown chatbot service Bard raised questions about its accuracy. On Thursday, Alphabet consolidated its artificial intelligence research groups into one unit, a move Chief Executive Officer Sundar Pichai said would accelerate the company’s progress in AI.
With Google having…
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source: https://news.oneseocompany.com/2023/04/21/googles-search-for-dominance-complicated-by-emergence-of-independentie_2023042143832.html
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