Microsoft-backed (MSFT) OpenAI is preparing to launch an artificial intelligence-powered web browser that could directly compete with Alphabet's (GOOG, GOOGL) Google Chrome, Reuters reported Wednesday, citing three people familiar with the matter.

The browser, set to be released in the coming weeks, will include a ChatGPT-style interface that handles some user tasks without requiring clicks to external websites, the sources reportedly said.

OpenAI's browser is being built on Chromium, a Google-owned open-source code that also powers Chrome, Microsoft Edge, and Opera (OPRA), two of the sources told Reuters.

OpenAI chose to develop a full browser instead of a plug-in to gain more control over user data, according to the report.

OpenAI declined to comment, while Microsoft and Google did not immediately respond to requests for a comment from MT Newswires.

(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.)

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