OpenAI announces a search engine called SearchGPT

CNBC Television
25 Jul 202404:55

TLDROpenAI has announced a new search engine called SearchGPT, entering the search market with a prototype version. Google's shares have already reacted, dropping over 2%. The search engine integrates real-time results and sources, and OpenAI is working with publishers to ensure proper access and crediting of information. While it's still in early stages, the involvement of AI in search is causing market concerns, especially with Microsoft's recent similar announcement for Bing. The potential impact of AI on search and the distribution of search engine dominance is a hot topic, with implications for both Google and Bing.

Takeaways

  • 📢 OpenAI has announced a new search engine called SearchGPT, entering the search market with a prototype version.
  • 📉 Google's shares reacted negatively to the news, dropping by over 2%, indicating market concern over competition.
  • 🔍 SearchGPT is designed to pull in real-time results and sources, similar to the app Perplexity.
  • 🤝 OpenAI is collaborating with publishers and websites to ensure proper access and crediting of information.
  • 💼 Microsoft, OpenAI's biggest investor, recently announced a similar AI feature for the Bing search engine.
  • 🤖 The involvement of AI in search engines is raising broader questions about whether AI is a friend or foe.
  • 🔎 Alphabet (Google's parent company) has been discussing their AI search product, but details on its financial impact remain scarce.
  • 📈 The market's reaction suggests a belief that AI could significantly impact search engine market share.
  • 📱 OpenAI has a deal with Apple to integrate ChatGPT into modern iPhones, potentially aiding in the distribution of SearchGPT.
  • 💰 OpenAI may not have the financial resources to compete directly with Google in terms of paying for default search engine status.
  • 📚 The success of SearchGPT will depend on its ability to secure distribution deals and manage content sourcing effectively.

Q & A

  • What is the breaking news about OpenAI?

    -OpenAI has announced that they are entering the search business with a prototype version of a search product called SearchGPT.

  • How is Google's stock reacting to this news?

    -Google's shares are reacting negatively, with a drop of better than 2%.

  • What is the current status of OpenAI's search product?

    -OpenAI is currently testing a prototype version of SearchGPT and has a waitlist for users to sign up.

  • How does SearchGPT work?

    -SearchGPT pulls in real-time results and sources from various results, similar to how Perplexity works.

  • What is OpenAI doing to ensure proper access to information?

    -OpenAI is working with publishers and other websites to ensure proper access to information and proper crediting.

  • What is Microsoft's role in this development?

    -Microsoft, being the biggest investor in OpenAI, has announced a similar feature for the Bing search engine.

  • What was Alphabet's recent discussion about their AI search product?

    -Alphabet discussed their AI search product during their recent earnings call, highlighting how it is driving engagement but without many details on its financial impact.

  • What is the broader anxiety surrounding AI in this context?

    -There is a broader anxiety about whether AI is a friend or foe, especially considering the resources and capabilities it has.

  • What is the significance of OpenAI's deal with Apple?

    -OpenAI has a deal with Apple to put ChatGPT on every modern iPhone, which is significant for its distribution and presence in the market.

  • What challenges might OpenAI face in competing with Google in the search market?

    -OpenAI might face challenges like sourcing issues and the need for a distribution deal to compete effectively with Google, which already has most of the deals locked up.

Outlines

00:00

📰 OpenAI Enters Search Market Impacting Google Shares

In this paragraph, breaking news is announced about OpenAI's foray into the search engine business. OpenAI has revealed a prototype version of a search product, which is causing a significant reaction in Google's stock, dropping by over 2%. The company is currently inviting users to sign up for a waitlist. The search product is expected to integrate with the Perplexity app, which offers real-time results and sources from various websites. OpenAI is also working with publishers and other websites to ensure proper access and crediting of information. The market's response to OpenAI's involvement in search is clear, with Google's stock drop indicating potential concerns. Furthermore, Microsoft, as OpenAI's biggest investor, has also announced a similar feature for its Bing search engine, adding to the competitive landscape in the search industry.

Mindmap

Keywords

💡OpenAI

OpenAI is a research and deployment company that develops artificial intelligence technologies. In the context of the video, OpenAI has announced a new search engine, which is a significant development in the field of AI applications. The script mentions that OpenAI is testing a prototype version of a search product, indicating their expansion into the search engine market.

💡SearchGPT

SearchGPT is the name of the search engine announced by OpenAI. It represents a new venture into the search technology domain by leveraging AI capabilities. The script describes it as a prototype version, suggesting that it is still in the early stages of development and testing.

💡Google Shares

The term 'Google Shares' refers to the stock of Google's parent company, Alphabet Inc., traded on the stock market. The script indicates that the announcement of OpenAI's search engine has caused Google's shares to drop by more than 2%, reflecting the market's reaction to the potential competition in the search engine space.

💡Waitlist

A 'waitlist' is a list of people who are waiting to access a service or product that is not yet available to the public. In the script, OpenAI is inviting users to sign up for a waitlist to try their new search engine, indicating that it is not yet widely accessible.

💡Realtime Results

Realtime results refer to the immediate and up-to-date information that a search engine provides. The script mentions that the new search product from OpenAI will pull in realtime results, suggesting that it will offer users the latest information as part of its search capabilities.

💡Perplexity

In the context of the script, 'Perplexity' seems to be the name of an app or service that the speaker is familiar with. It is mentioned in comparison to the new search engine from OpenAI, which also pulls in sources from results, indicating a similar feature or functionality.

💡Publishers

Publishers are entities that produce and distribute content, often in the form of books, magazines, or online articles. The script states that OpenAI is working with publishers and other websites to ensure proper access and crediting of information, which is crucial for the search engine's functionality and credibility.

💡Microsoft

Microsoft is a multinational technology company that is mentioned in the script as the biggest investor in OpenAI. It is also relevant because Microsoft announced a similar AI feature for its Bing search engine, showing a trend in the tech industry towards integrating AI into search technologies.

💡Bing

Bing is a search engine developed by Microsoft. The script mentions that Microsoft announced a similar AI feature for Bing, indicating a competitive move in the search engine market in response to advancements in AI technology.

💡AI Search Product

An AI search product refers to a search engine or search functionality that incorporates artificial intelligence to enhance search results and user experience. The script discusses how Alphabet, Google's parent company, has been developing its AI search product, which is driving engagement but with uncertain financial outcomes.

💡Distribution Deal

A 'distribution deal' is an agreement that allows a product or service to be distributed or promoted by another company. In the context of the script, it is suggested that OpenAI would need a distribution deal to compete in the search engine market, similar to the deals Google has made to be the default search engine on various platforms.

Highlights

OpenAI announces a search engine called SearchGPT.

Google shares react negatively, dropping over 2%.

OpenAI is testing a prototype version of SearchGPT.

Users can sign up for a waitlist to try the new search engine.

SearchGPT integrates real-time results and sources.

OpenAI is working with publishers for proper access and crediting of information.

Microsoft, OpenAI's biggest investor, announced a similar feature for Bing.

Alphabet's earnings discussed AI search product driving engagement.

Market reaction indicates anxiety about AI's role in search.

AI's potential impact on the search market is a topic of discussion.

OpenAI's deal with Apple to integrate ChatGPT on iPhones.

The need for a distribution deal to compete with Google's search market.

Perplexity, a successful website, faced sourcing issues.

SearchGPT is in its early stages, and its success is yet to be determined.

The broader anxiety about AI being a friend or foe in technology.

Big tech companies seem best poised for AI distribution.

The importance of content sourcing and crediting in AI search engines.

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