Microsoft's plan to add ChatGPT-like capabilities to its search engine Bing has caused a surge in downloads of its companion mobile app, with the Bing app reaching the No
12 spot among all free iPhone apps on the U.S
App Store and Microsoft's Edge browser becoming the No
3 Utility app
Millions of users are expected to be invited from the waitlist over the next few weeks, and users can move up the waitlist by setting Microsoft's search as the default on their PC and downloading the Microsoft Bing App on their smartphone
The movement indicates there is sizable consumer demand for these new AI experiences and a potential threat to Google.
We are basically taking the next generation of the model -- that today powers ChatGPT -- and building it in right into Bing," Microsoft CEO Satya Nadella told "CBS Mornings" co-host Tony Dokoupil.
Google is also going to launch Bird it same as chat gpt because the to see the need in the market like chat gpt .
"While Google has announced a project to add genAI to Google Search, we believe Bing’s head start could create a permanent share shift," said D.A. Davidson analyst Gil Luria, who carries a 'buy' rating on Microsoft and lifted his price target by $45, to $325 per share, following last night's media event in Redmond, Washington.
FO Amy Hood noted that Microsoft's customers were "exercising caution" in terms of business investment, adding that growth continued to moderate, particularly in December, and we exited the quarter with Azure constant-currency growth in the mid-30s.".
