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Alphabet's Google issues 'code red' following ChatGPT launch

By Sam Boughedda According to a report by The New York Times on Friday, Google's (NASDAQ:GOOGL) management has issued a "code red" following the launch of ChatGPT. The...
Alphabet's Google issues 'code red' following ChatGPT launch © Reuters Alphabet's (GOOGL) Google issues 'code red' following ChatGPT launch
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By Sam Boughedda

According to a report by The New York Times on Friday, Google's (NASDAQ:GOOGL) management has issued a "code red" following the launch of ChatGPT.

The conversational AI chatbot was created by OpenAI and gained a significant amount of traction and users — 1 million in five days — after being made available to the public.

This has reportedly sparked concern at Google, with Alphabet CEO Sundar Pichai said to have attended various meetings regarding Google's AI strategy. He has also instructed several groups, including Google's research, trust and safety division, to focus on addressing the threat ChatGPT poses on its search engine business and help to develop and launch AI prototypes and products.

It was also reported that some workers at the company have been tasked with building AI products that produce art and graphics similar to OpenAI's DALL-E.

While various people online discuss whether ChatGPT can replace Google's search engine, it is also said to be under discussion at Google itself.

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    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
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    Crude Oil WTI 81.14 ↑ Sell  
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    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
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    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
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