Summary
- Lately, Alphabet (hereafter referred to as "Google") has been selling off, possibly because of perceived competition from ChatGPT.
- ChatGPT can provide straightforward answers to questions, which compares well to Google search for some use cases.
- However, Google Search is far better than ChatGPT for news and product searches.
- The degree of "disruption threat" ChatGPT poses to Google is overstated. However, Google does face one real risk: hubris.
- Google has been so successful for so long that it has become less careful with spending AND less bold in risk-taking than competitors. That could become a problem in the long term.
For further details see:
Google: ChatGPT's Not A Threat But Hubris Is