OpenAI Is Launching a Search Engine, but Don't Sell Your Alphabet (Google) Stock Just Yet
OpenAI is the developer of ChatGPT, an online chatbot powered by artificial intelligence (AI). It's capable of instantly generating text, images, videos, and computer code on command, and it's recognized as an industry leader -- including by Microsoft, which agreed to invest $10 billion in the start-up last year.
Last week, OpenAI announced plans to launch an internet search engine called SearchGPT, which will use its AI models to pull live, up-to-date information from the internet in response to users' queries. It will compete directly with 's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google Search, which has dominated the internet search industry for more than two decades.
But I don't think investors should rush to sell their Alphabet stock on this news. Here's why OpenAI will find it very hard to beat the tech giant.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 28 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 12.08% for Alphabet Inc. C compared to the current price of 147.22 €.
