On Thursday, OpenAI unveiled a prototype of its search engine, SearchGPT, designed to provide “fast and timely answers with clear and relevant sources.”

Currently being tested with a select group of users, the tool is intended to integrate with ChatGPT in the future.

This development could challenge Google’s dominant search engine, raising concerns among Alphabet investors about potential market share losses since the launch of ChatGPT in November 2022.

OpenAI CEO Sam Altman highlighted the prototype’s potential to offer a more intuitive and conversational search experience, CNBC has reported.

Following the announcement, Alphabet’s shares dropped over 3% to $167.28, while the Nasdaq saw a minor decline.

Written by B.C. Begley