Alphabet(US:GOOGL) 智通财经网·2025-10-23 06:55Core Viewpoint - HSBC Bank indicates that OpenAI's ChatGPT Atlas browser is a competitor to Google's Chrome, but its features are not unique, as Chrome has highlighted similar functionalities in a September blog post [1][2]. Group 1: ChatGPT Atlas Features - ChatGPT Atlas browser has three notable features: always-available chat functionality, browser memory that deepens user understanding over time, and the ability to perform tasks within the browser, such as making restaurant reservations and editing documents [1]. - During a live demonstration, the browser showcased its ability to act as an agent by ordering missing ingredients for recipes, similar to capabilities mentioned for Google's Gemini in a September 2025 blog post [2]. Group 2: Market Competition - Analysts note that while ChatGPT currently has around 800 million users, Chrome has nearly 3 billion users, indicating a significant user base advantage for Google [2]. - Analysts expect Google to leverage its demonstrated capabilities to retain users within the Chrome browser and capture market share in query services [2]. Group 3: Alphabet's Position - Despite the introduction of ChatGPT Atlas, analysts maintain that this does not alter the investment thesis for Alphabet, suggesting confidence in the company's ability to respond to market challenges [3]. - Alphabet's earnings report is scheduled for October 29, and analysts anticipate discussions regarding its competitive browser landscape during this report [2].