I'm not impressed by my toaster's computational capacity, either.

ChatGPT isn't meant to replace search by itself. https://help.openai.com/en/articles/6783457-chatgpt-general-faq

> ChatGPT is not connected to the internet, and it can occasionally produce incorrect answers. It has limited knowledge of world and events after 2021 and may also occasionally produce harmful instructions or biased content.

Using a magic language model like this together with a search index, though, has a lot of potential. Which is not so coincidentally exactly what the Bing thing is working towards.