OpenAI’s launch of ChatGPT Atlas, an innovative AI-powered web browser, led to a staggering $150 billion drop in Alphabet’s market value, marking a record reaction to a tech product unveiling. CEO Sam Altman showcased Atlas in a brief video and a subsequent livestream, describing it as a transformative browser that redefines user interaction. Unlike traditional browsers, Atlas integrates ChatGPT into every webpage, making functions like booking flights or conducting research seamless with its unique “agent mode.” Initially available on macOS, with mobile and Windows versions forthcoming, this feature is exclusive to Plus and Pro subscribers, while free users can access basic functionalities. The launch poses a significant threat to Google’s search advertising revenue, as AI answer engines provide straightforward responses over ad-centric results. With 800 million weekly ChatGPT users poised to shift, Google faces intense scrutiny as it battles to maintain its dominance in the browser market.
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