As A Result Of AI Chatbot Bard’s Bogus Response, Google Loses $100 Billion

Following the erroneous information provided by its recently introduced artificial intelligence chatbot Bard, Alphabet, the parent company of Google, has seen its market value fall by more than $100 billion.
The Indian Times reports that analysts also bemoaned the AI search event’s lack of details regarding how it will respond to Microsoft’s ChatGPT challenge.
A sell-off in Google’s stock occurred as a result of attention being drawn to the error in the company’s commercial only hours before Bard’s inauguration ceremony in Paris, the capital of France.
A user can be seen asking Bard about the most recent discoveries from the James Webb Space Telescope in a GIF clip from the tech company’s Twitter post (JWST).

And the chatbot responded that the JWST was the first to take images of a planet outside of our solar system; an answer that was wrong.

On Wednesday, Alphabet shares began trading lower at $102.05 per share, compared to their previous closing price of $107.64 on the NASDAQ.

As Tech Problems Worsen, Google Eliminates 12,000 Jobs

The tech giant had a significant reduction throughout the day, falling as much as 8.9% to reach an extreme low of $98.04 on high volume that reached over three times the 50-day moving average.
After losing more than $100 billion in market capitalisation, the share ultimately finished 7.68% lower at $99.37.

Google’s event was presented a day after Microsoft declared intentions to include its competing AI chatbot ChatGPT into its Bing search engine and other products, posing a significant threat to Google, which has long outperformed Microsoft in terms of searching and browsing capabilities.
ANAEDOONLINE.NG reports Bard is a conversational AI service developed by Google and powered by LaMDA (Language Model for Dialogue Applications).

Bard is distinguished from ChatGTP as it makes use of internet data while ChatGPT has information till 2021.

Follow us on Facebook