In particular, OpenAI's ChatGPT chatbot has taken the world by storm and impressed with its ability to answer questions in a factual, detailed manner and deliver responses in an impressive prose style. With OpenAI and Microsoft's revolutionary chatbot and other projects getting most of the positive press right now, the market may be underestimating Alphabet's (NASDAQ: GOOGL)(NASDAQ: GOOG) strengths and long-term opportunities in the AI industry. Notably, some analysts expect that ChatGPT could have a major negative impact on Alphabet's core businesses.