By now, it's no secret that Microsoft (NASDAQ: MSFT) has launched a fresh effort to go after Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) cash cow.

Shortly after OpenAI launched ChatGPT last November, reports emerged that Microsoft was aiming to launch its own ChatGPT-powered version of its Bing search engine. Microsoft confirmed those rumors earlier this month when CEO Satya Nadella unveiled the new Bing at a presentation with OpenAI CEO Sam Altman.

Nadella declared that "a new race" had begun in search and AI.

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Source Fool.com