Chat GPT– Parents Open AI is reportedly considering developing a web browser to challenge Alphabet Inc Subsidiary GOOG Google Google’s Dominance It follows the US Department of Justice. Pressure Google to remove the Chrome browser..

what happened: OpenAI has discussed its plans with app and website developers, including notable names Condé Nast, Redfin, Eventbriteand Priceline, Reported Information, citing people familiar with the development.

The idea is to develop a web browser that integrates with its chatbot. The AI ​​startup has also discussed or secured deals to power search features including travel, food, retail websites, and real estate.

See also: Google, Anthropic deal in jeopardy as US Justice Department looks to take away online search monopoly

There have also been talks to provide AI features for OpenAI. Samsung Electronics Co.’s SSNLF Apparatus, a Major partner of Googlethe report noted.

Already has a partnership with the creator of ChatGPT. Apple Inc. AAPLaccording to which it powers “Apple Intelligence” features on the company’s new devices.

Subscribe to Benzinga Tech Trends Newsletter All the latest tech developments delivered to your inbox.

Why it matters: Sam AltmanOpen AI already exists under the leadership of Went in search. space with it Search GPT Products

Meanwhile, Google’s grip on the search market has come under scrutiny. On Thursday, the DOJ argued that Google’s control over Chrome is a form of antitrust monopoly.

Shares of Alphabet fell more than 6 percent in morning trading in New York on Thursday, marking their biggest drop since January 2024.

The decline wiped out more than $120 billion in market value, pushing Alphabet’s valuation below the $2 trillion mark.

At the time of writing, Alphabet’s market capitalization was $2.063 trillion, making it the fifth most valuable company in the world. Nvidia Corp.apple, Microsoft Corp. MSFTand Amazon.com Inc.

An internal email from Microsoft surfaced earlier this year, showing the company’s investment in OpenAI. Motivated by fear Because of Alphabet’s lag behind AI development.

As of 2019, Microsoft has invested around $14 billion in ChatGPT-parent.

Price action: On Thursday, Alphabet’s Class A shares fell 4.74%, ending at $167.63, while Class C shares fell 4.56%, closing at $169.24. After hours, Class A shares fell another 0.42% to $166.93, and Class C shares fell 0.38% to $168.59, according to Data from Benzinga Pro.

See more of Benzinga’s consumer tech coverage After this link.

Read next:

Image courtesy: Shutterstock