Google parent Alphabet shares dip as OpenAI enters browser race
Alphabet Inc., the parent company of Google Chrome, saw its shares fall by around 2 % in late trading on October 21 after OpenAI launched the ChatGPT Atlas browser. Investors are concerned that the new browser may erode Google’s search-advertising dominance and redirect traffic away from Google’s search engine. Analysts say this may mark the beginning of a structural shift in how users access the internet, with implications for Google’s ad-revenue model and competitive dynamics in search and browsers.
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12h ago
Google parent Alphabet shares dip as OpenAI enters browser race
Alphabet Inc., the parent company of Google Chrome, saw its shares fall by around 2 % in late trading on October 21 after OpenAI launched the ChatGPT Atlas browser. Investors are concerned that the new browser may erode Google’s search-advertising dominance and redirect traffic away from Google’s search engine. Analysts say this may mark the beginning of a structural shift in how users access the internet, with implications for Google’s ad-revenue model and competitive dynamics in search and browsers.
negative
Google parent Alphabet shares dip as OpenAI enters browser race
about 13 hours ago
1 min read
79 words
Alphabet shares fell ~2% as OpenAI’s browser launch raises concerns over search-traffic and ad-revenue shifts.
Alphabet Inc., the parent company of Google Chrome, saw its shares fall by around 2 % in late trading on October 21 after OpenAI launched the ChatGPT Atlas browser. Investors are concerned that the new browser may erode Google’s search-advertising dominance and redirect traffic away from Google’s search engine. Analysts say this may mark the beginning of a structural shift in how users access the internet, with implications for Google’s ad-revenue model and competitive dynamics in search and browsers.
Alphabet Inc., the parent company of Google Chrome, saw its shares fall by around 2 % in late trading on October 21 after OpenAI launched the ChatGPT Atlas browser. Investors are concerned that the new browser may erode Google’s search-advertising dominance and redirect traffic away from Google’s search engine. Analysts say this may mark the beginning of a structural shift in how users access the internet, with implications for Google’s ad-revenue model and competitive dynamics in search and browsers.