Who Will Be the Loser of 2023 in the Markets?
Billionaire investor Chamath Palihapitiya predicts who will be the biggest loser in the corporate market this year amid the rise of intellectual property.
In the latest episode of the All-In Podcast, Palihapitiya said that Google will suffer the most as artificial intelligence begins to make Google’s search services irrelevant. He specifically refers to ChatGPT, a new AI-based chatbot that has been popular since its launch almost two months ago.
“Let me tell you the biggest customer I won. I think the biggest loser market this year is Google Search, measured by pure value and engagement. I think it’s easier for me to see where the usage is coming from rather than choosing Open AI or ChatGPT in terms of where the usage is going. The reason is that I think a lot of people don’t really understand how machine learning and AI work.
Only 30 second primer: there are two big work buckets. There’s something called “learning,” which is how you learn to make predictions, and then there’s something called “inference,” which is when you type something into the search field, you get an answer.
Google’s Dominance in Search Engine Market May be Threatened by Competition
The problem with learning and what ChatGPT shows is that they learned by crawling the entire web. There are five or six other market companies that can dominate the entire web, in terms of cost, computing, processing quality and AI quality.
So it’s easy for me to predict google search quality deradaration because it’s better than anyone else I find it’s to predict who will win because I think given time and money enough, Oracle, Microsoft, Google, China’s Internet companies, can compete.
I think that consumers will eventually be confused and eventually be able to get high quality search results from many places compared to today you will think that Google is the only game in town, for many people people.
A financial market analyst says that Google may not lose its spot as the world’s top search engine, but it could still lose a lot of usage as other sites come in. “Google may lose 10% or 15% of the use of all other sites, and it may not make these sites important, but it will have an effect [that] can be measured in the value of Google and Google.”