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- OpenAI introduces web search on ChatGPT to fight Google, Perplexity
OpenAI introduces web search on ChatGPT to fight Google, Perplexity
Top stories today:
- OpenAI introduces web search on ChatGPT to fight Google, Perplexity
- Appleâs revenue +6% YoY to $94.9B, but net income -36% to $14.7B
- AWS, e-commerce, ad growth boost Amazon revenue in Q3
- Intel stock jumps as Q4 projections fuel optimism
- Fridayâs jobs report expected to show 106K new jobs
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayâs newsletter (beware the few hallucinations):
1. OpenAI introduces web search on ChatGPT to fight Google, Perplexity
ChatGPT.
ChatGPT Search is the finalized version of the SearchGPT prototype released in Jul.
ChatGPT Plus, Team, and SearchGPT waitlist users get early access; Enterprise and Edu to follow in weeks.
âIn the coming monthsâ: free users will get the experience.
U.S. election queries will be directed to news sources, including AP and Reuters.
Google already has AI Overviews as a contender against ChatGPTâs search experience.
2. Appleâs revenue +6% YoY to $94.9B, but net income -36% to $14.7B over EUâs tax penalty
$10.2B one-time EU tax charge recorded by Apple, impacting net income.
+6% in iPhone revenue to $46.2B from $43.8B a year earlier.
iPhone represented 49% of Appleâs overall sales.
+12% in services revenue to $25B from 22.3B a year ago.
Appleâs China growth remains negative, but shows signs of improvement
-0.3% in sales from China to $15.03B, vs. $15.08B a year ago.
Chinese players including Vivo gained ground while Apple suffered.
Appleâs stock was -2% to $221.75 ($3.43T market cap) in trading after the bell on weak guidance
Guidance of âlow-to-middle single digits,â Apple predicted, vs. analystsâ estimates of 7%.
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