OpenAI teases stream for expected browser launch, sending Alphabet shares lower

Core Insights - OpenAI is expected to launch a new artificial intelligence-powered web browser, which has led to a 4% decline in shares of Google parent Alphabet [1][2] Group 1: OpenAI Developments - OpenAI's CEO Sam Altman expressed excitement about the upcoming product launch, which is anticipated to be a standalone browser [2] - The new browser will position OpenAI in direct competition with existing players like Google and Perplexity AI, who are also developing AI-driven web browsing solutions [2] Group 2: Competitor Landscape - Perplexity recently launched its AI browser, Comet, which is available for free globally and functions as a personal assistant for various tasks [3] - Google introduced its Gemini model in September, integrated into its Chrome browser, allowing users to interact with web content more effectively [4]