Despite the rise of artificial intelligence, billionaire investor Chamath Palihapitiya predicts who will be the greatest loser in business markets this year.
In a recent edition of the All-In podcast, Palihapitiya claims that Google would suffer the most when the search function becomes less important due to artificial intelligence.
He notably mentions ChatGPT, the new chatbot powered by artificial intelligence that has gained attention since its introduction over two months ago.
“Let me tell you my worst business loss. As evaluated by pure revenue and engagement, I believe that Google Search has the most chance to lose business this year. I believe it is simpler for me to determine where the use originates as opposed to using Open AI or ChatGPT as the destination.”
There is ‘learning,’ which is how you learn to make predictions, and there is ‘inference,’ which is when you put something into a search box and receive the response.
I find it simpler to anticipate the decline in Google’s search quality relative to the competition than to predict who would win since I believe that Oracle, Microsoft, Google, and Chinese internet businesses can all fight given sufficient time and resources.
Consumers will be able to get high-quality search results from a variety of sources, as opposed to today, when the majority of people believe that Google is the only game in town.”
According to the venture investor, Google may not lose its position as the top search engine in the world, but it might lose a significant percentage of use when new sites enter the market. It will have a considerable [and quantifiable] effect on Google and its revenue.
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