Alphabet's stock, $GOOGL, dropped between 2% to 3% in after-hours trading following reports that OpenAI is developing a web search product to challenge Google. OpenAI's search tool is said to be powered by Bing, leading to concerns about its potential success against Google's dominance in the market.
OpenAI is going to face an uphill battle if it takes on Google search https://t.co/a57CPkziHU by @DanielHowley
Shares of $GOOGL falling after a report that $MSFT-backed #OpenAI is planning to launch its own search tool. Our deep dive into all the competition Google Search is facing, from startups to megacap peers - https://t.co/hg5A4kcTLi
Alphabet Drops After Report OpenAI Developing Search Product https://t.co/KgMDmFmKJa
Alphabet Drops After Report OpenAI Is Developing Search Product https://t.co/ENaLlS6r8x
$goog being down 2.5% on news of a Bing rebrand when this sentence is in their latest Gemini 1.5 technical report is hilarious. 10M tokens! https://t.co/AORCDoJDg5
Report: OpenAI working on web search product via @MrDannyGoodwin https://t.co/g8uO8oiu15
$goog off 3% because OpenAI is launching a search product powered by Bing when Bing powered by OpenAI couldn’t even gain 1% share in a year…
$GOOGL - @OpenAI is developing a web search product to challenge Google - Also @perplexity_ai via @theinformation https://t.co/bq1Nn8hXrK
Google $GOOGL is down 2% in after hours on news that OpenAI is developing a web search product https://t.co/HVOyitIUpN