OpenAI takes aim at Google with limited roll out of SearchGPT
Adds company comment in paragraph 6, Google market share in paragraph 9, request for comment in paragraph 10
July 25 (Reuters) -OpenAI said on Thursday it is selectively rolling out SearchGPT, an artificial intelligence-powered search engine with real time access to the information from the internet.
This move positions the Microsoft-backed MSFT.O startup directly against Google, the dominant search engine, as well as newer services like the search-focused AI chatbot Perplexity.
Shares of Google's parent company, Alphabet GOOGL.O, extended a decline to end of over 3% lower after OpenAI's announcement.
OpenAI said it has opened sign-ups for the new tool, which is currently in the prototype stage and is being tested with a small group of users and publishers.
"While this prototype is temporary, we plan to integrate the best of these features directly into ChatGPT in the future," OpenAI said in a blog post, without giving more details or a timeline.
SearchGPT will provide summarized search results with source links in response to user queries. They will also be able to ask follow-up questions and receive contextual responses.
The company will also give publishers access to toolsfor managing how they appear inSearchGPT results.
The SearchGPT tool signals a closer collaboration between publishers and OpenAI, following content licensing agreements with major organizations like Associated Press, News Corp, and Axel Springer.
Major search engines have been trying to integrate AI into search since ChatGPT first launched in November 2022. Microsoft, through its early investment, adopted OpenAI technology forits Bing search engine, while Google rolled out AI-powered summaries for the wider public at its developer conference in May.
In June, Google Search held a 91.1% market share, down from 92.6% a year earlier, primarily due to increased usage of Microsoft Bing, according to web analytics firm Statcounter.
Google did not respond to a Reuters query on the potential impact of SearchGPT on its business.
Reuters had earlier reported on OpenAI's plans around AI search in May.
Reporting by Yuvraj Malik in Bengaluru; Editing by Tasim Zahid
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
