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OpenAI announces a search engine called SearchGPT; Alphabet shares dip

OpenAI announced a prototype of its SearchGPT search engine on Thursday.

The company, founded in 2015, is under pressure to stay on top of the generative AI market while finding ways to make money as it spends massive sums on processors and infrastructure to build and train its models. OpenAI is bolstering its C-suite as its large language models gain importance across the tech sector and as competition rapidly emerges in the burgeoning generative artificial intelligence market. Both OpenAI's new mini AI model and the prototype of SearchGPT are also part of the company's push to be at the forefront of "multimodality," or the ability to offer a wide range of types of AI-generated media, like text, images, audio, video and search, inside one tool: ChatGPT.

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