Google: ChatGPT’s Not A Threat But Hubris Is

Photo caption: U.S. Chamber Of Commerce Hosts CEO Summit Of The Americas In Los Angeles. [Photo of Google CEO, Sundar Pichai.] Photo credit: Anna Moneymaker. Article by Growth at a Good Price. Seeking Alpha – December 26, 2022.

Summary

• Lately, Alphabet (hereafter referred to as “Google”) has been selling off, possibly because of perceived competition from ChatGPT.
• ChatGPT can provide straightforward answers to questions, which compares well to Google search for some use cases.
• However, Google Search is far better than ChatGPT for news and product searches.
• The degree of “disruption threat” ChatGPT poses to Google is overstated. However, Google does face one real risk: hubris.
• Google has been so successful for so long that it has become less careful with spending AND less bold in risk-taking than competitors. That could become a problem in the long term. […]

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