• 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
FLASHBACK: New Harris campaign senior adviser made several insensitive comments about women, gay people
next post
How Vice President Kamala Harris got started in politics

related articles

Apple sues former Vision Pro employee for allegedly...

July 2, 2025

As his feud with Trump reignites, Musk’s business...

July 2, 2025

Lululemon sues Costco over selling alleged dupes

July 1, 2025

Clean energy stocks fall as Trump bill would...

July 1, 2025

Google makes first foray into fusion in venture...

July 1, 2025

Home Depot is buying GMS for about $4.3...

July 1, 2025

Home Depot is buying GMS for about $4.3...

June 30, 2025

Microsoft says goodbye to the Windows blue screen...

June 30, 2025

Apple reveals complex system of App Store fees...

June 30, 2025

Divided Fed proposes rule to ease capital requirements...

June 26, 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

  • Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

    January 27, 2025
  • Pro-Ukraine GOP Rep. Bacon declares ‘real Republicans know that Putin’s Russia hates the West and freedom’

    March 7, 2025
  • Nifty retreats while German 40 rises to new all-time high

    September 5, 2024
  • Former Iraqi refugee living in Texas pleads guilty to conspiring to support ISIS

    March 10, 2025
  • Patel ‘ready to serve’ as FBI director, seeks ‘smooth transition’ after Wray resignation news

    December 11, 2024

Popular Posts

  • 1

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

    July 21, 2024
  • 2

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

    December 4, 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

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,223)
  • Investing (634)
  • Stock (829)

Latest Posts

  • Ex-Clinton official applauds Trump’s ‘courageous’ Iran call, doubts Harris would’ve had the nerve

    June 23, 2025
  • Biden-nominated federal judge extends hold on Trump NIH research funding cuts

    March 6, 2025
  • Amazon Stock Outlook: Resistance at $186; Eyes $20B+ Savings

    October 10, 2024

Recent Posts

  • Trump envoy for Russia and Ukraine calls Zelenskyy a ‘courageous leader’ after Trump lambasts foreign figure

    February 21, 2025
  • Doctors react after Biden’s live address to the nation: A concerning ‘lack of emotion’

    July 25, 2024
  • Iran, China and Russia huddle for nuclear talks while UN meets behind closed doors on possible sanctions

    March 12, 2025

Editor’s Pick

  • Trump admin urged to probe allegations pro-Hamas college groups had ‘prior knowledge’ of Oct 7 attack

    March 27, 2025
  • With 25 days until voting starts, ‘election season’ kicks off sooner than you think

    August 12, 2024
  • Trump says Walz ’embarrassed himself’ compared to Vance’s ‘brilliance’ at VP debate

    October 2, 2024
  • 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