🚀 OpenAI to launch Google competitor today!

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Today, OpenAI is set to unveil a new AI-driven search tool, stepping up its competition with Google by allowing users to pull information directly from the web to enhance accuracy. Meanwhile, Perplexity, a rival startup created by an ex-OpenAI researcher, is making waves with its AI search interface, boasting 10 million monthly users. Amid fluctuating web traffic, OpenAI has phased out the ChatGPT plugins feature, yet it continues to strive for growth and a stronger foothold in the AI search arena.

2. McDonald’s is set to launch a $5 value meal in its U.S. outlets to attract budget-conscious consumers amid broader spending cuts in the fast-food sector. The meal, potentially including a choice of a McChicken or McDouble, alongside chicken nuggets, fries, and a drink, aims to provide affordability as economic pressures mount. Despite experiencing a mixed first quarter with slightly disappointing U.S. sales, McDonald’s is focused on affordability, as stated by CEO Chris Kempczinski. Challenges in aligning corporate and franchise interests have delayed the rollout, but additional support from Coca-Cola in marketing funds could enhance the deal's appeal.

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4. Headlines

   1. Sweetgreen gains 35% after beating revenue expectations.

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