Alphabet shares fall as OpenAI introduces ChatGPT Atlas, its own web browser

Alphabet shares fell more than 2% on Tuesday after OpenAI revealed ChatGPT Atlas, its own web browser, in a livestream. This was due to worries that it would compete with Google Chrome.

According to OpenAI, the browser will launch immediately on macOS and will soon be available on Windows, iOS, and Android.

In Tuesday afternoon trade, Alphabet, the parent company of Google, experienced a temporary 2.5% decline to $250.49.macOS

The three primary components of ChatGPT Atlas enable ChatGPT to use browser memory to improve search queries, accompany users on the web through a sidebar, and take action on their behalf using ChatGPT Agent, a model that can manage operations like online ordering, booking, and document editing.

ChatGPT, which can be used without switching windows or taking screenshots, allows users to engage with the browser more fluidly. It can observe what users are seeing.

Through their settings, users can archive or remove browser memories, which are optional.

OpenAI CEO Sam Altman stated during the broadcast that ChatGPT Plus and Pro users will be the only ones able to access the Agent feature at first.

$500 billion. Following a $6.6 billion investment round this month, which will support the company’s AI research and the processing capabilities required to enable its AI development and storage, that is OpenAI’s valuation.