Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Nasdaq moves into correction territory as Iran war...
FAA investigating close call involving United Airlines plane...
Judge blocks Trump administration from limiting Anthropic’s contracts...
Senate agrees to fund DHS, except ICE and...
Don Jr.’s shadow hangs over Trump mine fight...
AAP faces pressure over trans youth care, guiding...
Spanberger takes fire from all sides as Youngkin,...
House conservatives rage against Senate DHS shutdown deal
Indicted Democrat Rep Sheila Cherfilus-McCormick one step closer...
Biden judge freezes Trump administration’s move against AI...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

OpenAI announces a search engine called SearchGPT; Alphabet shares dip

by admin July 27, 2024
July 27, 2024
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
Boeing’s crewed Starliner flight won’t return until at least August, NASA says

You may also like

Amazon extends Prime Day discounts to 4 days...

July 10, 2025

Amazon slashes another 16,000 jobs

January 30, 2026

Walmart boosts sales outlook as it says tariff...

August 22, 2025

Fed minutes point to ‘likely’ rate cut coming...

August 23, 2024

UPS shares tank 15% after weak guidance, plan...

February 1, 2025

Macy’s turnaround hinges on revamping some stores and...

March 7, 2025

OpenAI releases Sora, its buzzy AI video-generation tool

December 11, 2024

Nvidia results spark global chip rally

May 30, 2025

U.S. judge orders Google to share search data...

September 3, 2025

As Apple enters AI race, iPhone maker turns...

October 7, 2024

Recent Posts

  • Nasdaq moves into correction territory as Iran war weighs on markets
  • FAA investigating close call involving United Airlines plane and Black Hawk helicopter in California
  • Judge blocks Trump administration from limiting Anthropic’s contracts with federal government
  • Senate agrees to fund DHS, except ICE and CBP, in bid to end extreme airport delays
  • Don Jr.’s shadow hangs over Trump mine fight as China retains critical minerals leverage

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (998)
    • Investing (4,320)
    • Politics (5,220)
    • Stock (4)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 Sightful Invest. All Rights Reserved.