SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
Paramount-Warner Bros. Discovery Merger Faces Lawsuit From 12 States 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Oppenheimer Sees CNH Industrial as Top 2026 Agriculture Stock Pick on Dealer Consolidation Strategy 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
SoftBank Corp Partners With Sierra to Expand AI Customer Support Across Japan 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
OpenAI announced its latest AI-powered search engine, SearchGPT, set to challenge Google's supremacy in the search engine market.
Microsoft-Backed OpenAI Takes on Google
On Thursday, OpenAI said that it is in the process of carefully rolling out SearchGPT, a search engine that is powered by artificial intelligence and has access to information collected from the internet in real time.
By taking this action, the startup MSFT.O, which is supported by Microsoft, is placed in direct rivalry with Google, which is the most popular search engine on the market.
After OpenAI's release, the stock of Alphabet, the parent company of Google, dropped by two percent. OpenAI's statement was the catalyst for this decline.
SearchGPT’s Current Prototype Phase
XM reports that the new tool, which is presently in the prototype stage and is being evaluated with a select number of users and publishers, is already accepting sign-ups, according to OpenAI, which announced that open enrollment has begun.
According to a blog post published by OpenAI, SearchGPT will respond to user inquiries by providing summary search results that include connections to the sources of the results. Additionally, they will have the ability to ask follow-up questions and receive responses that are contextualized.
Additionally, the business has stated that in the near future, it would be incorporating the most advantageous elements of SearchGPT directly into ChatGPT.
AI Integration Efforts in Major Search Engines
Considering that ChatGPT was initially released in November 2022, major search engines have been attempting to incorporate AI into their search capabilities. At its developer conference in May, Google introduced AI-powered summaries to the general public, while Microsoft, OpenAI's most significant investor, has already implemented AI-powered search capabilities on its Bing platform.
In May, Reuters had previously reported on OpenAI's objectives for artificial intelligence search.
