12:05 PM EST, 11/21/2025 (MT Newswires) -- OpenAI Chief Executive Sam Altman told colleagues in October that Alphabet-owned (GOOG, GOOGL) Google's ( GOOG ) recent progress in artificial intelligence could "create some temporary economic headwinds" for the company, The Information reported late Thursday.

But Altman noted that OpenAI would emerge ahead, the report said.

According to the report, he said in a memo that "we know we have some work to do but we are catching up fast."

Usage and revenue of OpenAI's ChatGPT are ahead of Google's ( GOOG ) Gemini chatbot, but the gap has been narrowing, the report noted.

"ChatGPT is AI to most people, and I expect that to continue," the report quoted Altman as saying in the memo.

OpenAI, which is backed by Microsoft ( MSFT ) , did not immediately respond to an MT Newswires request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 468.63, Change: -9.81, Percent Change: -2.05