I think Google has realized Open AI's ChatGPT is its own product and not a direct competitor to Search, although there is some overlap, which is why there is Bard as a direct competitive product to ChatGPT.
Search is its own beast, and I suspect they have the data to prove users want something different from a Google search.
> OpenAI has a tremendous lead in terms of quality of the product and adoption > On top of that, thousands of new models and projects are coming out almost every day that are starting to rival the quality of GPT as well as coming up with amazing, completely new things
I've read ChatGPT growth has already flattened [0]. Sure thousands of new models/projects are coming out, but until the general public starts to use them I don't see this as much of a threat to Google.
[0] https://www.similarweb.com/blog/insights/ai-news/chatgpt-gro...