ChatGPT has been the big topic in the news lately -- and even more so after both Google (GOOGL) and Microsoft (MSFT) announced they're entering the race with competing technologies.
And while the social media reaction to these announcements ranges from ridicule over name choices to downright fear of an AI-powered robot takeover, others have opted to focus on what the new tech means for companies competing in the same space -- and CNBC's "Mad Money" host Jim Cramer is one of them.
During Cramer's appearance on Squawk on the Street on the morning of Feb. 8, the famed investor spoke about what the shared some thoughts about the announcements.
"Well, I do think that Microsoft has owned Bing and Bing has not been, let's say -- it's just a poor number two," Cramer said. "And this takes this business that was really not doing well and makes it so that they're the one of choice. I mean, why wouldn't you say [holds up phone and talks into it ] 'book me a vacation to Mexico and give me the itinerary -- I want to be in Mexico City and San Miguel de Allende' and it does that. Well, that's a big game changer. Because right now Google's on its heels if it pulls this off. It's really incredible."
Cramer went on to express that he has major concerns about what this means for Google.
"My travel trust owns Alphabet but I've never been more worried about Alphabet than I am at this very moment."
Alphabet was among the stocks that Cramer named as "colossal losers" in 2022.
