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SHOCKING! Google Loses US$100 Billion For This Reason
Google has introduced a number of AI-powered features, but one of its new AI chatbots, Bard’s advertisements contained an error that cost the company’s stock a $100 billion loss.
Following a Twitter advertisement for the service, which generates responses for user inquiries and is currently available to a small group of testers before a wider release, Reuters says that shares of Google’s parent company, Alphabet, fell by about 8% when Bard provided false information.
As a result of ChatGPT’s ability to produce essays, speeches, and even exam questions in a matter of seconds, the search engine behemoth is moving quickly into the AI area.
While Google attempted to steal the show a day earlier by announcing its “Bard” alternative, Microsoft revealed new products on Tuesday and announced a multi-billion dollar agreement with ChatGPT creator OpenAI.
Google is fighting to maintain its two-decade domination of the web search sector as bots are increasingly being integrated into search engines.
Astronomers on Twitter, however, immediately discovered that Google’s Bard had made a mistake in a tweet promoting its new technology.
The bot in the advertisement was questioned about how to explain scientific discoveries made by the James Webb Space Telescope to a nine-year-old.
Bard answered that the telescope was the first to capture images of a planet outside of our solar system, but the European Very Large Telescope really holds that distinction.
The blunder caused the share price to plunge by more than 7% on Wednesday, and investors were unimpressed by the most recent news.
Prior to the issue, Google Vice President Prabhakar Raghavan said at a Paris event that Bard was now being used by “trusted testers,” but he did not provide a timeframe for the release to the general public, which is anticipated to happen in the coming weeks.
