Quick overview

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Alphabet (GOOGL) stock is down about 2 percent at $251.498.  Alphabet’s stock price dropped 2-4 percent after OpenAI announced ChatGPT Atlas, an AI-powered web browser.

The browser, which was first released for macOS with plans for Windows, iOS, and Android, positions itself as a direct rival to Google Chrome by integrating ChatGPT and the Operator AI agent to manage functions like making reservations and summarizing web content.

The possible challenge to Chrome’s hegemony, which has roughly 3 billion users and is an essential component of Alphabet’s ecosystem, probably caused investors to react.

OpenAI added a new line of competition for ChatGPT maker Alphabet with the release of its first web browser driven by artificial intelligence. The browser, known as ChatGPT Atlas, is made to provide a more customized online experience and to perform tasks like flight reservations and document editing for users.

The “Ask ChatGPT” button on a webpage will always bring up a sidebar for users to interact with. The user may ask ChatGPT to summarize a movie review after opening it. Opening AI CEO Sam Altman stated during a livestreamed event on Tuesday, “This is an AI-powered web browser built around ChatGPT.”.

OpenAI is one of many businesses utilizing AI to reinvent the web browser, a product that was first introduced in the 1990s. Perplexity AI, Inc., Comet, an AI browser that functions as a digital assistant and automates tasks for users, was just released.

Additionally, both Opera and The Browser Company are adding more AI capabilities to their browsers.

Google’s stock fell as much as 4.8 percent. Google integrated its Gemini AI model into the Chrome browser in September. Two weeks after a US judge rejected a government plan that would have compelled the company to sell off Chrome, Google took this action. Executives from Perplexity and OpenAI stated during a court hearing that if Google had been forced to sell Chrome, they would have been interested in purchasing it.