Google shares lose $120 Billion after company’s AI chatbot makes an error during demo.
Google’s much-hyped new AI chatbot tool Bard, which has yet to be released to the public, is already being called out for the inaccurate response it generated in a demo this week.
In a sample posted by Google on Twitter, a user asks Bard, “What new discoveries from the James Webb Space Telescope can I tell my 9-year-old? Bard responds with a series of bullet points, including one that reads: “JWST has taken the very first images of a planet outside our own solar system.”
what is Google Chat bot Or Google Bard?
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Shares in Alphabet, the parent company of Google, fell as much as 8% in midday trading on Wednesday after Reuters first reported Bard’s inaccurate response.
Google unveiled Bard earlier this week as part of an apparent effort to compete with the viral success of ChatGPT, which was used to generate essays, song lyrics and answers to questions that a person might previously search for on Google. ChatGPT’s meteoric rise in popularity has reportedly prompted Google executives to declare a “code red” for its search product.
On Wednesday, Google held an event at its Paris office detailing the tech giant’s plans to use AI technology to radically change the way people search for information online. Google’s event came one day after rival Microsoft announced a revamped version of Bing powered by a more advanced version of the AI used by ChatGPT. (Microsoft is investing billions in OpenAI, the company behind ChatGPT.)