Investors are concerned that Alphabet’s dominance in search means it has nowhere to go but down, that the company has fallen behind its competitors in AI, that it is making substantial investments in AI, and that younger consumers are using AI services rather than traditional search, according to the report. Since January 2023, around the time OpenAI’s ChatGPT appeared, Alphabet’s share of the global market for search engines has slid from 92.9% to 89.6%, the report said.
Source: Alphabet Faces Investor Concern About AI Challenge to Search Business | PYMNTS.com