GOOG intraday
Shares of Google-parent Alphabet just took a $4 dive on Reuters sources report saying that OpenAI plans to release an AI web browser.
The browser would presumably take on Chrome, which is a key part of the Google moat. It’s also a massive source of Google’s data trove for advertising, which is almost three-quarters of its revenue.
As for the rest of the web, it’s a further troubling sign. The browser from OpenAI wouldn’t take you to websites but would scrape the data and leave you in a chat-like interface. That type of model will in time degrade the information on the internet and undermine many business models.
There is some talk this type of browser would enable AI agents. At the start of 2025, it was hailed as ‘the year of AI agents’ but that hasn’t panned out at all.
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.
