Software giant sees artificial intelligence as opportunity to challenge Alphabet's dominance in internet search. Read More...
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Microsoft’s Investment in ChatGPT Could Mean Trouble for Google
Google has been the unassailable leader among search engines for around 20 years. “Based on our conversations, we believe investors are increasingly questioning whether this collaboration [between Microsoft and OpenAI] could turn into a competitive headwind for Google,” KeyBanc analysts wrote in a research note on Monday. Microsoft (ticker: MSFT) invested $1 billion in OpenAI—the developer of social-media sensation ChatGPT, a chatbot that can interact with humans in a conversational way—in 2019 and is in talks to make a further investment, according to The Wall Street Journal.
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