CNBC’s Deirdre Bosa joins 'Money Movers' to discuss Google's AI distribution advantage and surge.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

Google has made a notable update to its homepage by adding an 'AI mode' feature, highlighted with a rainbow aura, that leads users directly to a chatbot. This change aims to make generative AI tools more accessible to the platform's vast user base, potentially accelerating mainstream adoption.

Despite Google's leadership in infrastructure and consumer reach, its stock continues to trade at a discount compared to peers, as investors remain cautious about the risks to its search business. However, recent data shows that Google's Gemini AI platform is experiencing rapid growth in user visits, outpacing competitors in percentage growth, and the new homepage integration could further boost its adoption.

Google pushes 'AI Mode' on homepage

Welcome back. Google making a rare change to its homepage, the most visited website in the world, pushing its AI mode tool directly into the hands of its billions of users. Dee Bosa has the story in today's Tech Check for us. Hi, Dee. Hey, Wilf. So here it is, that AI mode. Right on the homepage, doodle, it is highlighted by a kind of rainbow aura. All the more intriguing to users who may not even know what generative AI is. That's AI mode. It leads directly to a chatbot. And ultimately, this may prove more consequential than the Zuckerberg-Altman spat that is about chasing benchmarks and superintelligence, a milestone that no one can define, no one can agree on, and no one even knows how to measure. Google's doing something different. With this latest move, it is changing what billions of people see when they open their browser, still the on-ramp for the entire internet. It says Google is willing to disrupt search and do it at a scale that open AI cannot touch. And with the clarity of product that meta seems to have traded for headcount and hype. And yet, investors, they're still treating Google like it's on defense. The stock continues to trade at a discount to peers, despite leading on infrastructure, model cost, and increasingly consumer reach. Wall Street is pricing in the risk to search, but not the upside if Google actually pulls this off. And there are signs that Google's AI is gaining ground. According to similar web data, chat GPT still dominates web traffic with nearly 5 and 1 half billion visits in May to Google's Gemini's half a billion in the same month. But in terms of growth, Gemini increased its visits by nearly 30% to chat GPT's 7. And if you add in now new users going to AI mode, that kind of growth could just explode. This is a strategy, guys, of adoption over research that Chinese AI companies are focusing on as well with success. Deep Seek, Alibaba models, they're scaling globally by going practical and cheap. Google is making that play at scale. While meta and open AI, they're fighting over research and theory.

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Gilimanuk

Indonesia suspends search for 30 missing after ferry sinks near Bali

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Ukraine Invasion

Trump speaks with Putin, plans call with Zelenskyy

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Tehran

Iran Strikes

Iran nuclear program degraded by up to two years: Pentagon

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Google pushes 'AI Mode' on homepage

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Rise of AI