• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

OpenAI announces a search engine called SearchGPT; Alphabet shares dip

by July 26, 2024
written by July 26, 2024

OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.”

The company said it eventually plans to integrate the tool, which is currently being alpha-tested with a small group of users, into its viral chatbot, ChatGPT.

Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share from Google in search by giving consumers new ways to seek information online. With this prototype, OpenAI is testing the waters for doing just that, promising users the chance to “search in a more natural, intuitive way” and ask follow-up questions “just like you would in a conversation.”

“We think there is room to make search much better than it is today,” OpenAI CEO Sam Altman wrote Thursday in a post on X.

Alphabet shares were trading about 2.5% lower on Thursday, while the Nasdaq was up slightly.

In May, Google launched AI Overview, which CEO Sundar Pichai called the biggest change in search in 25 years, to a limited audience, allowing users to see a summary of answers to queries at the very top of Google Search.

Though Google had been working on AI Overview for more than a year, public criticism mounted after users quickly noticed that queries returned nonsensical or inaccurate results within the AI feature — without any way to opt out.

The SearchGPT announcement follows OpenAI’s launch last Thursday of a new AI model, “GPT-4o mini.” The new model is an offshoot of GPT-4o, the startup’s fastest and most powerful model to date, which it launched in May during a livestreamed event with executives. 

OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors. The company, founded in 2015, is under pressure to stay on top of the generative AI market while finding ways to make money as it spends massive sums on processors and infrastructure to build and train its models.

Last Month, OpenAI announced the hiring of two top executives as well as a partnership with Apple that includes a ChatGPT-Siri integration. Sarah Friar, previously CEO of Nextdoor and finance chief at Square, joined as chief financial officer, and Kevin Weil, an ex-president at Planet Labs and former senior vice president at Twitter and a vice president at Facebook and Instagram, joined as chief product officer.

OpenAI is bolstering its C-suite as its large language models gain importance across the tech sector and as competition rapidly emerges in the burgeoning generative artificial intelligence market. 

Both OpenAI’s new mini AI model and the prototype of SearchGPT are also part of the company’s push to be at the forefront of “multimodality,” or the ability to offer a wide range of types of AI-generated media, like text, images, audio, video and search, inside one tool: ChatGPT.

For SearchGPT, OpenAI’s blog post said the tool’s visual results will lead to “richer understanding” for users.

Last year, OpenAI Chief Operating Officer Brad Lightcap told CNBC: “The world is multimodal. If you think about the way we as humans process the world and engage with the world, we see things, we hear things, we say things — the world is much bigger than text. So to us, it always felt incomplete for text and code to be the single modalities, the single interfaces that we could have to how powerful these models are and what they can do.”

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Here are some money moves to make before the Fed starts cutting interest rates
next post
How Vice President Kamala Harris got started in politics

related articles

Saks files for bankruptcy as luxury market struggles

January 15, 2026

Warner Bros. Discovery rejects Paramount’s amended takeover offer

January 10, 2026

Trump Media to merge with nuclear fusion company

December 20, 2025

Prada Group says it has purchased fashion rival...

December 3, 2025

Dell family donation to offer 25 million kids...

December 3, 2025

Shopify says a daylong Cyber Monday outage has...

December 3, 2025

Starbucks to pay about $35M to NYC workers...

December 3, 2025

Apple’s AI chief abruptly steps down

December 3, 2025

Airbus says most of its recalled 6,000 A320...

December 2, 2025

Campbell’s fires executive accused of racist remarks and...

November 28, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Argentine President Milei faces impeachment calls for promoting cryptocurrency that tanked

    February 19, 2025
  • Trump’s Justice Department order to drop charges against NYC Mayor Eric Adams sparks resignations

    February 14, 2025
  • Hawley says Mayorkas, Wray ‘absolutely’ skipped Senate hearing due to Laken Riley verdict, calls for subpoenas

    November 21, 2024
  • Melania Trump’s memoir soars to top spot on several Amazon ‘Best Sellers’ lists weeks before its release

    August 26, 2024
  • Republicans have chance to secure governorships in key battleground states next year

    December 23, 2025

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,549)
  • Investing (848)
  • Stock (966)

Latest Posts

  • Senate advances 2026 defense bill after weeks of delay as shutdown drags on

    October 10, 2025
  • Biden is clearly in poor health. We deserve an honest and transparent report

    July 19, 2024
  • Ad revenue should stabilize for media companies in 2025 — if they have sports

    December 30, 2024

Recent Posts

  • Rand Paul says Trump’s threat to bomb Iran ‘is not the answer’: Not the ‘job of the American government’

    January 12, 2026
  • Trump admin gives $10k bonuses to air traffic controllers with perfect attendance during government shutdown

    November 21, 2025
  • Schumer book events called off over ‘security concerns’ week of release

    March 17, 2025

Editor’s Pick

  • Scoop: More than 100 lawmakers join Congressional DOGE Caucus

    February 10, 2025
  • ANDREW BATES: How Democrats can crush Republicans on the economy and win the midterms

    February 3, 2025
  • Trump issues direct warning to Venezuela’s new leader Delcy Rodríguez following Maduro capture

    January 4, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock