ChatGPT isn’t eating Alphabet’s lunch

For all the hype around OpenAI’s ChatGPT, which released a live web search function to compete with Alphabet’s Google last fall, way fewer people are using it than Google, according to a new report from Bank of America Global Research. While ChatGPT leads among AI competitors, including Google’s Gemini, it only makes up a tiny fraction of the traffic Google gets.

To wit: in January, daily global web traffic to Google was down 1% year over year to 2.7 billion. That same month, ChatGPT traffic was up 148% to 128 million.

Here’s what traffic looked like on ChatGPT, Bing, and Gemini:

Global daily web traffic among AI competitors — Bank of America Global Research

And here’s that same chart, but adding in Google:

Global Daily traffic compared to Google Search — Bank of American Global Research

As BofA put it, “AI based engines do not appear to be materially impacting Google search traffic or share, but could be capturing a healthy share of incremental AI driven activity.”

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Google opened at an all-time high

It’s a good day to be an AI stock. It’s an especially good day to be Google, which opened at a record high this morning of $304.39.

The stock is soaring on Nvidia’s stellar earnings report yesterday, which is helping quiet talk of an AI bubble that recently contributed to a sell-off in tech stocks. On top of that, Google released its latest AI model, Gemini 3, this week to strong reception from AI leaderboards, analysts, and consumers.

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Musk: xAI to build 500-megawatt data center in Saudi Arabia with Humain using Nvidia GPUs

Today in Washington, DC, Elon Musk announced that xAI is developing a 500-megawatt AI data center in Saudi Arabia in partnership with Humain — the country’s state-owned AI company — using Nvidia chips.

Competitors OpenAI and Anthropic are also turning to access the vast stores of capital available from Middle East investors to fund their colossal data center plans.

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia

In an awkward moment, Musk briefly appeared confused if the deal was for 500 megawatts or 500 gigawatts, pausing only to have Nvidia CEO Jensen Huang jump in and confirm it was for 500 megawatts.

Laughing off the gaffe, Musk joked about the cost of such a large project, saying, “That’ll be eight bazillion trillion dollars.”

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