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Google lost $100 billion in market value following the announcement of OpenAI’s new AI-powered browser, Atlas

Published10/22/2025Complain

Google lost $100 billion in market value following the announcement of OpenAI’s new AI-powered browser, Atlas

Photo: UNN

Shares of Alphabet Inc., Google’s parent company, initially rose after markets opened but sharply declined about two hours after OpenAI unveiled the browser on social media. The stock fell from $252.68 to $246.15 within just 15 minutes — its lowest point of the day — wiping out roughly $100 billion in market capitalization.

OpenAI CEO Sam Altman described Atlas as an AI-driven web browser built on ChatGPT, which already boasts around 700 million users worldwide. The browser allows users to search for information, write content, generate summaries, and even fill spreadsheets automatically through an integrated agent mode.

Atlas is currently available for free on Apple computers, though the agent mode will be exclusive to paid ChatGPT Plus and Pro subscribers.

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