OpenAI has launched its first AI-powered web browser, ChatGPT Atlas, and the announcement on Twitter caused Google’s shares to drop by nearly 5%.
As a result, the market value of Google’s parent company fell by roughly $100 billion, with its shares dropping from $252.68 to $246.15.
This move positions OpenAI as a direct competitor to Google, which currently runs the world’s most popular web browser, Google Chrome, with over 3 billion users.
ChatGPT Atlas is a personalized browser that not only allows users to search online but also perform tasks like flight booking, document editing, and data analysis. Every website will feature an ‘Ask ChatGPT’ option, enabling users to ask questions or give instructions directly related to the content.
According to OpenAI, ChatGPT has over 800 million users, most of whom use the free service. The company stated that it is exploring more profitable options, including ad-based revenue.
OpenAI CEO Sam Altman described ChatGPT Atlas as a “once-in-a-decade opportunity”, saying it will change the way people think about using browsers.
The browser will first be available on macOS and will soon be launched on Windows, iOS, and Android. In “Agent Mode”, currently available only for premium users, ChatGPT can perform full online tasks on behalf of the user, such as finding recipe ingredients and automatically purchasing them from online stores.
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