OpenAI is considering developing a search browser to expand its reach in the technology market. The company plans to power search features in its chatbot and allow partners to include a variety of eCommerce websites and apps. ChatGPT is one of the most dominant artificial intelligence chatbots in the market, and developing a web search browser will boost its reach globally.
As reported by The Information, OpenAI partnerships with different websites and apps will help in more accurate answers and searches for users. Artificial Intelligence is already changing traditional methods of web searches and online shopping with its more personalized options. AI search tools use natural language processing, machine learning, and user data to better understand complex questions and provide personalized answers and recommendations.
OpenAI’s Plans for a 2024 Browser Launch
On October 31, OpenAI revealed an update to ChatGPT, which integrates web search options that could challenge the traditional search engines, the update gives direct answers to the searches with the citation for the source of information. This new feature was rolled out for ChatGPT Plus and Team subscribers, which provides all the information from stock prices to weather forecasts.
During the feature announcement, OpenAI said, “Getting useful answers on the web can take a lot of effort, it often requires multiple searches and digging through links to find quality sources and the right information.”
On October 8, OpenAI and Hearst formed a content partnership to integrate a publishing company’s newspaper and magazine articles into OpenAI’s generative AI products. This will provide access to ChatGPT users to access content from Hearst publications, with the source citations leading users to original Hearst articles.
ChatGPT now has 250 million active users each week, with around 5% to 6% of free users upgrading to the paid version, according to OpenAI CFO Sarah Friar in an interview with Bloomberg TV on Oct. 28. Meanwhile, OpenAI is also focusing on attracting more corporate clients and is enthusiastic about the potential growth in that area.
OpenAI’s Potential Impact on the Stock Market
OpenAI and its main investor, Microsoft, are in talks about how to split the benefits when OpenAI becomes a for-profit company. However, agreeing on the right market value for these assets is proving to be a challenging task.
According to legal experts, it all depends on the person who will be doing the math for assets. Angela Lee, a Professor at the Columbia University Business School said, “The issue is that there are probably six to 10 different ways to value a company, And depending on who you ask, and my guess is, depending on which model you use, you could be off by a factor of like 3x to 5x.”
