TECH - Google's Search Business Could Be Challenged By OpenAI Says Gene Munster: 'It's A Function Of Time' | Benzinga
Gene Munster, a prominent tech analyst, at Deepwater Asset Management has predicted that OpenAI could pose a significant challenge to Alphabet Inc‘s (NASDAQ:GOOGL)(NASDAQ:GOOG) Google in the search business, despite its ties with Microsoft Corp (NASDAQ:MSFT). Munster’s forecast comes on the heels of Apple Inc‘s (NASDAQ:AAPL) potential partnership with OpenAI.
What Happened: Munster, took to social media platform X, to express his views on OpenAI’s potential to disrupt the search business. He acknowledged that OpenAI had not yet announced a search product, but he remained convinced that OpenAI would eventually become a formidable competitor in the search market.
He also noted that OpenAI’s 49% ownership by Microsoft could complicate its path into the search business. Despite this, Munster expects OpenAI to make significant announcements by the end of the year.
“I still believe it's a function of time before OpenAI gets more aggressive with search,” Munster wrote.
Let me wipe this egg off my face; ...