Google’s biggest concern will be revenue.
New Delhi: Is Google, the world’s largest web search company, going through a crisis? Looking at the current conditions, the crisis may not be immediately visible, but it is already facing tough competition from other companies. The biggest competition is with AI company OpenAI’s ChatGPT. ChatGPT has recently launched the Artificial Intelligence (AI) web search engine.
Google’s parent company Alphabet earns highest revenue from the Google search engine. Google makes big money through ads. After this, Alphabet earns from YouTube. But the earnings of the Google search engine are now going to be divided. AI has already created trouble for Google. At the same time, ChatGPT’s web search engine has become operational and put Google in more trouble.
$2 trillion assets at stake
Google’s parent company Alphabet has a market cap of $2.12 trillion (about Rs 180 lakh crore). Google was launched in September 1998. That is, this company is about 26 years old.
OpenAI’s market cap is $157 billion (about Rs 13 lakh crore). In this case, the market cap of Google’s parent company Alphabet is more than 10 times that of OpenAI. OpenAI, on the other hand, was founded in 2015. That is, this company is about 9 years old.
However, OpenAI launched ChatGPT in November 2022 as a generative AI chatbot. ChatGPT is now officially an Artificial Intelligence (AI) web search engine. The coming time is going to dent Google’s business.
Google is now getting tough competition from the 9-year-old company. Looking at the way the company is conducting new experiments in the search engine domain, it seems that Google’s assets of more than $2 trillion are at stake.
Google gives the highest revenue
Google search gives Alphabet the highest revenue. It contributes more than half of the total revenue.
Google’s biggest concern will be revenue. The AI-based search engine gives users the same information they want. While Google brings a lot of files related to that topic in front of the user. In such a situation, it takes a lot of time for the user to locate or select the correct files or results in any form.
This is the reason why many users are now using the AI-based platform for search. Google also launched an AI platform called Bard, but it could not compete with ChatGPT. A search war between these companies could appear when players like OpenAI enter the web search market. At the same time, competition will start in these companies regarding earnings.