Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

OpenAI announces a search engine called SearchGPT; Alphabet shares dip

by
July 26, 2024
in Editor's Pick
0
OpenAI announces a search engine called SearchGPT; Alphabet shares dip

OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.”

The company said it eventually plans to integrate the tool, which is currently being alpha-tested with a small group of users, into its viral chatbot, ChatGPT.

Since the launch of ChatGPT in November 2022, Alphabet investors have been concerned that OpenAI could take market share from Google in search by giving consumers new ways to seek information online. With this prototype, OpenAI is testing the waters for doing just that, promising users the chance to “search in a more natural, intuitive way” and ask follow-up questions “just like you would in a conversation.”

“We think there is room to make search much better than it is today,” OpenAI CEO Sam Altman wrote Thursday in a post on X.

Alphabet shares were trading about 2.5% lower on Thursday, while the Nasdaq was up slightly.

In May, Google launched AI Overview, which CEO Sundar Pichai called the biggest change in search in 25 years, to a limited audience, allowing users to see a summary of answers to queries at the very top of Google Search.

Though Google had been working on AI Overview for more than a year, public criticism mounted after users quickly noticed that queries returned nonsensical or inaccurate results within the AI feature — without any way to opt out.

The SearchGPT announcement follows OpenAI’s launch last Thursday of a new AI model, “GPT-4o mini.” The new model is an offshoot of GPT-4o, the startup’s fastest and most powerful model to date, which it launched in May during a livestreamed event with executives. 

OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors. The company, founded in 2015, is under pressure to stay on top of the generative AI market while finding ways to make money as it spends massive sums on processors and infrastructure to build and train its models.

Last Month, OpenAI announced the hiring of two top executives as well as a partnership with Apple that includes a ChatGPT-Siri integration. Sarah Friar, previously CEO of Nextdoor and finance chief at Square, joined as chief financial officer, and Kevin Weil, an ex-president at Planet Labs and former senior vice president at Twitter and a vice president at Facebook and Instagram, joined as chief product officer.

OpenAI is bolstering its C-suite as its large language models gain importance across the tech sector and as competition rapidly emerges in the burgeoning generative artificial intelligence market. 

Both OpenAI’s new mini AI model and the prototype of SearchGPT are also part of the company’s push to be at the forefront of “multimodality,” or the ability to offer a wide range of types of AI-generated media, like text, images, audio, video and search, inside one tool: ChatGPT.

For SearchGPT, OpenAI’s blog post said the tool’s visual results will lead to “richer understanding” for users.

Last year, OpenAI Chief Operating Officer Brad Lightcap told CNBC: “The world is multimodal. If you think about the way we as humans process the world and engage with the world, we see things, we hear things, we say things — the world is much bigger than text. So to us, it always felt incomplete for text and code to be the single modalities, the single interfaces that we could have to how powerful these models are and what they can do.”

This post appeared first on NBC NEWS
Previous Post

Here are some money moves to make before the Fed starts cutting interest rates

Next Post

How much could Kamala Harris’s 2020 positions cost her?

Next Post
How much could Kamala Harris’s 2020 positions cost her?

How much could Kamala Harris’s 2020 positions cost her?

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Gold and silver: the price of gold has resistance at $2360

Gold and silver: the price of gold has resistance at $2360

May 29, 2024
Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

Obama-era officials mum on allegations of ‘manufactured’ intelligence launching Trump-Russia probe

July 21, 2025
Murdoch to provide Trump health updates in deal to delay Epstein case deposition

Murdoch to provide Trump health updates in deal to delay Epstein case deposition

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
Murdoch to provide Trump health updates in deal to delay Epstein case deposition

Murdoch to provide Trump health updates in deal to delay Epstein case deposition

August 6, 2025
Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

August 6, 2025
Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

August 6, 2025
RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

August 5, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    August 6, 2025
    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    August 6, 2025
    Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    August 6, 2025
    RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

    RFK Jr cancels $500 million in mRNA research, HHS to prioritize ‘safer’ vaccine alternatives

    August 5, 2025

    Top News

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    Murdoch to provide Trump health updates in deal to delay Epstein case deposition

    August 6, 2025
    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest

    August 6, 2025

    Latest News

    • Murdoch to provide Trump health updates in deal to delay Epstein case deposition
    • Brazil’s ex-president and major Trump ally Bolsonaro placed on house arrest
    • Marjorie Taylor Greene urges Trump to commute George Santos’ federal prison sentence: ‘Far worse offenses’

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.