Tag: Statista

Alphabet Inc., the parent company of Google, has been a daunting figure in the online search market domination. Recently, OpenAI's ChatGPT has become increasingly successful, leading investors to worry. Despite Alphabet's stocks rising 20% this year, dips have been seen due to questions about Google's accuracy and when Samsung tossed around the idea of using Microsoft's Bing engine instead. Statista data reveals just how much Alphabet owns the market with 85%, and Alphabet gets the majority of their revenue from it - 57%. Is Alphabet equipped to handle their competitors? Many analysts remain optimistic due to their low stock valuation and ability to handle headwinds.

This article reflects upon the growing use of OpenAI's ChatGPT and how it has caused Alphabet Inc's stock shares to increase by 20% this year. It also looks at the fall in stock performance due to increased competition from Microsoft's Bing search engine. Statista data also shows Google's worldwide market share in internet search is well ahead of its competitors. Find out more about Alphabet Inc's struggles and successes as they battle for increasing market share.