"OpenAI Unveils Secret Development of In-House Search Engine to Challenge Google's Market Dominance"
According to the latest report from The Information, OpenAI is secretly developing its own web search service. After the AI frenzy caused by ChatGPT, OpenAI's next ambitious goal seems to be creating a brand new search engine.
According to the report, OpenAI's search product will rely on Microsoft's search engine Bing for technical support. This collaboration undoubtedly intensifies the competition between OpenAI and Google. It is worth mentioning that after this news came out, Google's stock price fell in after-hours trading. In today's early morning trading, Google's stock price dropped from $145.94 per share to a low of $142.76.
In February of last year, Microsoft released a new version of the Bing search engine and the Edge browser, incorporating cutting-edge technology from ChatGPT developer OpenAI. The aim was to challenge Google's dominant position in the search market by providing more conversational web search and innovative content creation methods. With the development of OpenAI's own search service, this technological race is expected to escalate.