Business Day

OpenAI may unveil Google search competitor today

- Anna Tong

OpenAI plans to announce its artificial intelligen­ce-powered search product on Monday, according to two sources familiar with the matter, raising the stakes in its competitio­n with search king Google.

The announceme­nt date, though subject to change, has not been previously reported. Bloomberg and the Informatio­n have reported that Microsoftb­acked OpenAI is working on a search product to potentiall­y compete with Alphabet’s Google and with Perplexity, a wellfunded AI search start-up.

OpenAI declined to comment before Reuters published an earlier report on Thursday.

After publicatio­n, OpenAI on Friday posted on X that the company would stream a live event on Monday, to “demo some ChatGPT and GPT-4 updates”.

CEO Sam Altman later posted on X: “not gpt-5, not a search engine, but we’ve been hard at work on some new stuff we think people will love! Feels like magic to me.”

Alphabet’s stock partly recovered from a loss of more than 2% loss after Altman’s post, and was last down 0.9%.

OpenAI’s announceme­nts could be timed a day before the Tuesday start of Google’s annual I/O conference, where the tech giant is expected to unveil a slew of AI-related products.

OpenAI’s search product is an extension of its flagship ChatGPT product, and enables ChatGPT to pull in direct informatio­n from the web and include citations, according to Bloomberg. ChatGPT is OpenAI’s chatbot product that uses the company’s cutting-edge AI models to generate human-like responses to text prompts.

Industry observers have long called ChatGPT an alternativ­e for gathering online informatio­n, though it has struggled with providing accurate and real-time informatio­n from the web.

OpenAI earlier gave it an integratio­n with Microsoft’s Bing for paid subscriber­s. Meanwhile, Google has announced generative AI features for its own namesake engine.

Start-up Perplexity, valued at $1bn, was founded by a former OpenAI researcher, and has gained traction through providing an AI-native search interface that shows citations in results and images as well as text in its responses. It has 10-million monthly active users, according to a January blog post from the start-up.

At the time, OpenAI’s ChatGPT product was called the fastest applicatio­n to ever reach 100million monthly active users after it launched in late 2022. However, worldwide traffic to ChatGPT’s website has been on a roller-coaster ride in the past year and is only now returning to its May 2023 peak, according to analytics firm Similarweb, and the AI company is under pressure to expand its user base.

An earlier attempt to bring updated and real-world informatio­n in to ChatGPT, called ChatGPT plugins, was retired in April, according to a help centre posting on OpenAI’s website.

 ?? /Reuters/FIle ?? Like magic: Sam Altman, CEO of Microsoft-backed OpenAI, said in an X post that ‘we’ve been hard at work on some new stuff we think people will love! Feels like magic to me.’
/Reuters/FIle Like magic: Sam Altman, CEO of Microsoft-backed OpenAI, said in an X post that ‘we’ve been hard at work on some new stuff we think people will love! Feels like magic to me.’

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