ChatGPT Apps Underperformance Indicates Challenges to Google’s Search Engine Dominance

  • AI-powered ChatGPT’s app downloads and Bing’s ChatGPT-based chatbot installations have fallen by 38% in June, while Google’s search engine market share remains largely steady, as per a BofA analysis.
  • The slowdown raises concerns about the investment risk for tech firms, including Google and Microsoft, investing heavily in AI in a bid to build next-gen search engines.
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