Alphabet Shares Fall Amid Concerns That OpenAI May Compete in Search

Alphabet, the parent company of Google, experienced a decline in its shares Thursday (Feb. 15) following a report that OpenAI, the owner of ChatGPT, is developing a web search product that would directly compete with Google.OpenAI’s search service would be partially powered by Microsoft’s Bing search engine, Bloomberg reported, citing a paywalled article by The Information.This report raised concerns about the potential risks to Google’s search business, which generates the majority of Alphabet’s revenue th ...