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.