GOOGL shares dip as OpenAI launches ChatGPT Atlas browser
Alphabet (GOOGL) shares fell about 2% to $251.50 on Tuesday following the announcement of OpenAI’s new AI-integrated web browser, ChatGPT Atlas. The browser, launched initially for macOS with Windows, iOS, and Android versions to follow, embeds ChatGPT directly into the browsing experience through an “Ask ChatGPT” sidebar. Users can request summaries, make reservations, or automate other tasks directly from web pages.
Move Announced at OpenAI Livestream
During a livestream, OpenAI CEO Sam Altman described Atlas as “an AI-powered web browser built around ChatGPT.” The launch represents a direct challenge to Google Chrome, which dominates the browser market with around 3 billion users. See the ad below:
Where Does This Leave Google?
After Google took a bite out of public website traffic by offering its own AI summary instead, this move counters Google’s virtual search assistant early dominance.
According to MarketWatch, Alphabet’s stock dropped as much as 4.8% intraday before closing roughly 2% lower, reflecting investor concern that Atlas could erode Chrome’s dominance in the long term. The stock chart shows a brief dip on October 21 followed by a shrug and a recovery, suggesting markets viewed the move as noteworthy but not destabilizing.
OpenAI Already Joins Competitive Company
OpenAI joins a growing field of AI-enhanced browsers, including Perplexity’s Comet and The Browser Company’s Arc, as well as Opera, which has steadily expanded its AI integrations. Google, meanwhile, recently embedded its Gemini AI model into Chrome.
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