Bard: Google AI Chatbot Commits Blunder, Causes Alphabet to lose $100 Billion in Shares

Bard: Google AI Chatbot Commits Blunder, Causes Alphabet to lose Best $100 Billion in Shares | CIO Women Magazine

Google AI Chatbot Commits Blunder parent Alphabet saw a slope of as much as 9% in its shares during its regular trading with the volumes going nearly thrice the 50-day moving average.

Google’s parent company Alphabet Inc reported a loss of $100 billion in its market value on Wednesday. The news comes is after the newly introduced chatbot of Google, Bard shared a piece of inaccurate information in a promotional video which caused the company event to tumble, creating stirs that the Google parent is close to losing its ground to Microsoft Corp- it’s rival.

The shares of Alphabet Inc were seen sliding as much as 9% during regular trading with the volumes going nearly thrice the 50-day moving average. The alphabet was also seen bearing losses after hours and was reported to be roughly flat. The stock also lost 40% of its value during the last year but then went on to rally 15% since the beginning of this New Year, excluding its losses on Wednesday.

The first one to point out this error in Google AI Chatbot Commits Blunder advert for Bard, which made its debut on Monday was Reuters. The advertisement was about which of the satellites was the first to take pictures of a planet outside Earth’s solar system.

Here are 2 Points Bard: Google AI Chatbot Commits Blunder;

Google’s Journey to Bard

After the launch of OpenAI, Google AI Chatbot has been on the edge.

OpenAI is a start-up with strong backing from Microsoft with an investment of around $10 million. Since the software was introduced in November, it has wowed its users and has also paved its way to fixation in Silicon Valley circles for its ability to curate well-written answers to the simplest of prompts.

Although, the live-stream presentation of Google AI Chatbot Bard on Wednesday morning did not showcase details about when and how the platform would integrate Bard into the core search function. Microsoft, the previous day, had hosted an event where it touted that the team had already released a public version of its Bing search which had ChatGPT functions integrated.

What was the Big Blunder by Google’s AI Chatbot Bard?

In the showcased advertisement, Google AI Chatbot Bard is given a prompt: “What discoveries about the James Webb Space Telescope (JWST) can I tell my 9-year-old about?”

Bard is seen responding with several answers, where one included it suggesting that JWST was used to take the very first pictures of a planet outside the Earth’s solar system or exoplanets.

However, the first-ever pictures of any exo-planets were taken by the European Southern Observatory’s Very Large Telescope (VLT), as confirmed by NASA.

A Google AI Chatbot spokesperson later said that “This highlights the importance of a rigorous testing process, something that we’re kicking off this week with our Trusted Tester program. We’ll combine external feedback with our internal testing to make sure Bard’s responses meet a high bar for quality, safety, and groundedness in real-world information.”



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