'Google Is At A Crossroads': T. Rowe Price Portfolio Manager Flags ChatGPT As Key Disruption Risk—As Search Giant Transitions From 'Librarian' To 'Expert'
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T. Rowe Price portfolio manager Tony Wong highlights that Google is at a critical juncture due to the rise of generative AI and ChatGPT's disruption. He contrasts Google's traditional search model with the emerging AI paradigm, raising concerns about its business model and search revenue. Wong emphasizes the importance of capital expenditures in this new era. As Alphabet prepares to report earnings, analysts expect strong results but warn that AI Search is a significant challenge for Google. Alphabet's shares rose 2.80% ahead of the earnings report.
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