A billionaire investor predicts the collapse of the giant Google!

A billionaire investor predicts the collapse of the giant Google!

Last week, on January 6, the All-In Podcast YouTube channel aired a new episode of their show. Billionaire Chamath Palihapitiya intervened during the show to talk about the new chatbot based on artificial intelligence (AI). Indeed, he presented ChatGPT, launched almost two months ago, as an innovative tool. According to him, it could easily compete with the Web giant.

Chamath Palihapitiya foresees the impending rise of artificial intelligence (AI)

During the recent episode of “All-In Podcast,” billionaire Chamath Palihapitiya talked a lot about artificial intelligence (AI). He was particularly interested in the new chatbot ChatGPT which he sees competing with Google. In the show’s video, he is heard predicting a regression in the use of Google worldwide this year. Indeed, Palihapitiya said: “Let me tell you my biggest trading loser. I think the biggest potential business loser this year is Google Search, measured by pure profitability and engagement.“.

The entire intervention of the billionaire

According to the billionaire venture capitalist, ChatGPT will be favored by users over Google throughout 2023. Palihapitiya said that against this tool, Google’s search function could quickly become irrelevant. Recall that the artificial intelligence-based chatbot was launched barely two months ago, but it is already very well known.

However, Palihapitiya argues that “many people don’t fully understand how machine learning and AI work“. “The problem with learning and what ChatGPT shows is that they learned by browsing the entire web“, he added.

A tumble yes, but certainly not the fall of a giant!

Admittedly, Chamath Palihapitiya expects a regression from the giant Google. But, he does not think that the latter will lose his first place. He explained : “It’s easier for me to predict Google search quality degradation than to predict who will win“. He argues that by investing enough time and money, Microsoft, Google and other internet giants could compete with AI.

That said, according to Palihapitiya:Google could lose 10% or 15% of usage to all these other sites, and it may not make any of these sites very relevant, but it will have a material and measurable impact on Google and its profits.“.

Chamath Palihapitiya expects Google to lose a significant amount of usage with the arrival of AI-based sites and tools. “I think consumers will eventually get confused and be able to get high quality search results from many places“said the billionaire.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Cointribune!

Luc Jose Adjinacou avatar
Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.