Has ChatGPT The Potential To Rival Google?
Everything is being ChatGPT upended by AI, including enterprises worth a trillion dollars.
The Google plex alarms went off last month. The New York Times recently dedicated an entire piece to this same topic. They claim that the top levels of the company’s infrastructure experienced a “Code Red” alert. Google has serious concerns.
Why is that?
A major advancement in AI could seriously threaten Google’s primary business—search. Then, of course, the inquiry arises. Could we soon see the demise of one of those so-called “trillion-dollar” firms, resulting in the end of industries like search engine optimization (SEO), search engine results pages (SERPs), and, eventually, digital marketing?
The first Internet giant, Google, is quite vulnerable
Google’s current valuation is a staggering $1.13 trillion. A total with one and 12 zeros. But the craziest part is that by November 2021, Google has grown to approximately 2 trillion dollars in revenue. Although this is a significant drop, it still places them as the fourth largest firm in the world. As one might expect from a business of this size, one assumes that its revenue is also substantial.
In 2021, we expect sales of $256 billion. This is not horrible at all. Exactly how much is that, though? More than all of Portugal’s GDP in 2022 is projected to be, for context. That is to say, in 2021, Google made more money than the entire country of Portugal did in an entire year. Google’s crazy valuation is not surprising in light of such numbers. Could we, though? The truth is that there is a caveat to Google’s economic strategy.
Google’s weak point is not diversification
It’s not denying that Google does have some staggering statistics. If the quarterly earnings for Google in 2022 are anything to go by, the company made a cool $69,7 billion in profit. Almost as astounding as their ultimate revenue, 16 billion dollars, resulting in a net profit of 23%. Considering that Amazon, another industry giant, posted a quarterly loss, this is a remarkable achievement.
Everything about this sounds fantastic, right? You’ll notice something strange if you look closely, though. And at least, improvable. About 60% of Google’s total annual revenue of $70 billion comes from a single source: search advertising, a field in which Google has a near-monopoly (92% market share). However, this is precisely the industry that could be permanently altered by AI. But how? Robotic AI prototypes.
ChatGPT in Brief
To fill in the blanks for the uninitiated. This latest iteration of OpenAI’s chatbot, ChatGPT, is driven by the largest transformational language model ever created, GPT-3.5, which contains more than 175 billion parameters. OpenAI was co-founded by Elon Musk, Sam Altman, and others. Chatbots, in case you were wondering, are conversational robots.
If you’ve dealt with a contact center, an insurance company, or any business that provides customer service in the modern era, you’ve definitely dealt with multiple in the past few weeks alone. In all honesty, those chatbots are very unpleasant and frustratingly limiting. However, this one isn’t. Some may argue that it is the same species but in a new form, but I see it as something entirely unique.
ChatGPT can do a wide variety of tasks, such as replying to questions with profoundly articulate comments, coding in a wide variety of languages, writing brand-new bedtime stories, and debugging your own code. Some have even gone so far as to say it’s the first truly sophisticated artificial intelligence model. To put it briefly, no. People tend to confuse great predictability with sentience, which is why the remark is problematic.
If you want to know more about Chatgpt
The End of Google Search And SEO?
ChatGPT, in contrast to Google Search, provides instantaneous results without making you wade through pages of irrelevant links. Potentially, this could lead individuals to use these systems for queries rather than Google. If that happens, Google’s business model could be threatened since fewer corporations will choose to advertise with the company.
It’s no secret that Google is not the only search term available. Their ability to assist their clients “get noticed” on Google relies on their SEO knowledge, which is relied on by thousands of marketing firms. Potentially disastrous for them is the shift in customer behavior away from Google and toward AI. Therefore, given how outstanding ChatGPT already is, and taking into account that a remastered edition of the core AI model, GPT-4, is scheduled to be launched in the first half of next year.
The Internet is rife with useless information. Especially in the fields of cryptography and artificial intelligence, it is surprisingly difficult to locate high-quality content. It’s inefficient and, most of the time, fruitless. If you desire to be successful, though, you realize you must always be one step ahead of the competition.