Alphabet Inc.’s Gemini AI has surged to an 18.2% traffic share in the generative AI market, tripling its web traffic in the last year. This growth comes at the expense of OpenAI’s ChatGPT, which has seen a significant decline from 87.2% to 68.0%.

Google’s Gemini success is attributed to its integration into existing platforms like Chrome, Android, Workspace, and Search, capturing user flow. This contrasts Microsoft’s Copilot, which despite pre-installation in Windows and Edge, has stagnated at 1.2% market share. Gemini’s approach emphasizes product trust and user habits.

Alphabet’s Class C shares have risen significantly, with a 65.59% increase year-to-date. Gemini’s success highlights Google’s dominance in the AI market, showcasing user behavior changes towards routine AI usage. The data points to a clear shift in market dynamics favoring Google over other competitors. 1. The stock market surged today with the S&P 500 hitting a new record high of 3,500. Tech stocks led the way, with Apple and Amazon reaching all-time highs. Investors are optimistic about the economy despite ongoing concerns about the pandemic.

2. Hurricane Laura made landfall in Louisiana as a Category 4 storm, causing widespread damage and power outages. With winds up to 150 mph, Laura is one of the strongest hurricanes to hit the Gulf Coast in recent years. Authorities are urging residents to evacuate and stay safe.

3. The latest unemployment numbers show a slight decrease in initial jobless claims, with 1 million people filing for benefits last week. While this is an improvement from previous weeks, it still reflects the ongoing impact of the pandemic on the economy. The job market remains uncertain as businesses struggle to reopen.

Read more at Yahoo Finance: Market Share Gain From 5% To 18% Is ‘Clearest Signal’ That Alphabet Is Winning AI War