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Still searching: Bing’s still big in the game

Still searching: Bing’s still big in the game

ChatBingo

In one of our last newsletters of 2022, we charted the remarkable rise of ChatGPT, a chatbot from OpenAI that hit 1 million users in just 5 days. Now, per a report from The Information, Microsoft is looking to upgrade its search engine offering by incorporating ChatGPT’s capabilities into Bing.

Sometimes labeled "a joke" in the tech world — with reports that the most-searched term on Bing is “Google” — Microsoft's search engine has long been in a distant second place in search. But, if it is a joke, it’s Microsoft that gets the last laugh, as Bing still hauls in billions of dollars every year. In fact, Bing’s advertising revenue is not far from the ~$9bn that Twitter &Snapchat make combined.

Having already invested more than $1bn into OpenAI, Microsoft has arrangements for commercial uses of products like ChatGPT that — in theory — could help turn Bing into a much more legitimate competitor with Google.

Still searching

ChatGPT, or another NLP tool, would analyze the language used in web pages and search queries to understand the context and intent behind them. This would allow Bing to have a better understanding of what users are looking for when they perform a search. Using this understanding of user intent, Bing could then provide more accurate and relevant search results, as it would have a better idea of what users are trying to find.

That ability to better understand intent has already made Google concerned — with Sundar Pichaideclaring a “code red” moment for the company over the proliferation of chatbots like ChatGPT.

P.S. We didn’t write the paragraph below "Still searching". Instead, we asked ChatGPT “Could ChatGPT help Bing to improve its search results?”. That paragraph was, word for word, just part of its response.

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Paramount reportedly offers concessions to resolve multistate antitrust investigation

Paramount has reportedly offered up some concessions in an effort to prevent an antitrust lawsuit by California and about 10 other states, according to Bloomberg reporting on Monday.

Reuters first reported on the potential suit from a group of unnamed states last week, which could throw a wrench in Paramount’s plans to buy rival Warner Bros. Discovery in a Hollywood megamerger.

The list of concessions is unknown, though Bloomberg previously reported that Paramount is open to divesting some of its kids TV assets to appease EU regulators.

Late last month, reports said US regulators appeared likely to approve the $110 billion merger, following a meeting between Paramount CEO David Ellison and DOJ antitrust staffers.

The list of concessions is unknown, though Bloomberg previously reported that Paramount is open to divesting some of its kids TV assets to appease EU regulators.

Late last month, reports said US regulators appeared likely to approve the $110 billion merger, following a meeting between Paramount CEO David Ellison and DOJ antitrust staffers.

$98B ⛽

The IATA released its latest financial outlook for the airline industry over the weekend, forecasting a $98 billion jump in the sector’s collective fuel bill. The world’s largest trade group representing airlines expects the oil spike to halve profits by 49% from last year to $23 billion.

The group also expects profit margins to halve year over year, falling from 2025’s 4.2% to 2%. Still, revenue is expected to climb to $1.17 trillion from $1.07 trillion.

A surge in the cost of jet fuel has rocked US and global airlines this year, leading Delta Air Lines, United Airlines, American Airlines, Southwest Airlines, JetBlue, and others to raise fares and ancillary charges like bag fees. Low-cost carriers, which operate on smaller margins, have been squeezed the hardest, resulting in Spirit’s shutdown.

“It’s a tough year for all airlines, especially those whose balance sheets had not yet recovered from COVID. And, of course, for those operating in the Gulf,” said IATA Director General Willie Walsh, who added that demand is holding up and about half of passengers expect to spend more on travel this year. “That bodes well for a strong northern summer peak season. The big unknown is how long travelers and shippers can tolerate the higher costs of connectivity.”

Hollywood Exteriors And Landmarks - 2025

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The Switch 2 launched on this day in 2025. Amid a rough year for consoles, Nintendo has logged a good one.

business

GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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