Microsoft is reaping the fruits of its early wager on OpenAI’s conversational AI tech ChatGPT. Because the launch of the ChatGPT-powered “new Bing” in early February, the corporate’s search engine has reportedly seen a 15.8 % increase in web page visits. Google Search web page visits declined by one % throughout the identical interval (February 7 to March 20), Reuters reviews citing information from analytics agency Similarweb.
App downloads for Bing additionally jumped eight instances globally throughout this era. Based on the newest information from analysis agency Information.ai, the Bing app was downloaded greater than 810,000 between February 5 and march 11. The determine for January 1 to February 4 interval was nearly 100,000. Alternatively, Google Search downloads dropped two % from 2.98 million to 2.91 million in the identical interval.
As the information reveals, Google has an enormous lead within the search market. The web large has a share of greater than 80 % in a market that’s valued at over $120 billion. Nonetheless, Microsoft is rising as a powerful competitor to it, with the ChatGPT craze boosting the latter’s utilization globally. Google can be making ready to convey its in-house generative AI tech Bard to its merchandise, together with Search. However the firm is taking longer to do this, permitting Bing house to make additional inroads. It publicly launched its conversational chatbot earlier this week.
Market analysts count on Bing to eat extra into Google’s search market within the coming days. The extra Google delays Bard’s integration with Search, the extra Bing will profit. “Bing has lower than a tenth of Google’s market share, so even when it converts one % or two % of customers it will likely be materially helpful to Bing and Microsoft,” mentioned Gil Luria, an analyst at D.A. Davidson & Co.
Google will combat again towards this Bing resurgence
Microsoft’s “new Bing” could have gained a sudden push within the profitable search market following the ChatGPT integration final month and left Google behind the curve, however the latter definitely isn’t dropping by the wayside. Analysts count on it to combat again strongly towards this Bing resurgence. The corporate has an enormous lead on this business, and it’ll overcome these setbacks quickly to keep up its lead. In spite of everything, nobody can overlook how Google dethroned Yahoo from the highest within the early 2000s.
Google’s dominance within the cellular search business is troublesome for different gamers to interrupt. Most smartphones (each Android and iPhones) have Google as their default search engine. Bing or different rivals definitely can’t change Google in mobiles, not within the foreseeable future. “Google’s rating algorithm can have a aggressive edge over that of rivals,” Yongjei Jeong, an analyst at South Korean agency Mirae Asset Securities.