OpenAI Introduces New Shopping Tool to Compete with Google

OpenAI has launched a new shopping feature on ChatGPT, directly challenging Google's dominance in online product comparison. This service allows users to quickly compare products and navigate to external websites via links within ChatGPT to make purchases. Initially, the feature is limited to categories like electronics, fashion, beauty, and home goods, with plans to expand to more categories in the future.

OpenAI aims to shape ChatGPT into a versatile tool, offering functionalities such as search engine capabilities, voice assistance, and video generation. The company notes that search is one of the most popular and rapidly growing features of their chatbot, with over a billion web searches conducted through ChatGPT in the past week.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.