OpenAI announces a search engine called SearchGPT; Alphabet shares dip

SearchGPT, developed by OpenAI, is a powerful language model based on transformers architecture. It can generate human-like text based on the prompts it receives. In situations where OpenAI announces development of SearchGPT as a search engine, it might imply that they are stepping into a domain largely centered by big tech giants like Alphabet Inc., the parent company of Google.

This development might make investors worried about potential competition Google might face, which could impact their earnings and future growth. Hence, the