Google's AI chatbot blunder wipes $100 billion off its market value (browser, support)
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embarrassing, sure. but $100 billion dollars worth of embarassing?
Quote:
Google’s much-hyped new AI chatbot tool Bard, which has yet to be released to the public, is already being called out for an inaccurate response it produced in a demo this week.
In the demo, which was 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 about?” Bard responds with a series of bullet points, including one that reads: “JWST took the very first pictures of a planet outside of our own solar system.”
Microsoft employee Alex Buscher demonstrates a search feature integration of Microsoft Bing search engine and Edge browser with OpenAI on Tuesday, Feb. 7, 2023, in Redmond, Washington
The way we search for information online is about to change
According to NASA, however, the first image showing an exoplanet — or any planet beyond our solar system — was actually taken by the European Southern Observatory’s Very Large Telescope nearly two decades ago, in 2004.
Shares in Google’s parent company Alphabet fell 7.7% Wednesday, wiping $100 billion off its market value, after the inaccurate response from Bard was first reported by Reuters.
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Awwww A tear for googs. Not
Im sure theyll recover, but what a way to start a race. May be a good time to grab a few shares. At that thought, maybe it was intentional
Google is known for starting projects, supporting them for a short time, then dropping them suddenly. Part of the issue is a lack of belief that Google will sustain support for a new project and work through the growing pains over the years until it is somehow profitable.
And yet AI it being integrated into search engines, journalism news creation, medical advice, etc.
And if we are seeing it then the USG has been using it for some time themselves.
Its not really fair to call it a blunder that cost them. It was a revelation of what the software is actually capable of right now and it still needs work. It was overvalued and now is more fairly valued based on what it can do.
Google is known for starting projects, supporting them for a short time, then dropping them suddenly. Part of the issue is a lack of belief that Google will sustain support for a new project and work through the growing pains over the years until it is somehow profitable.
i don't think they'll be dropping this one. they have to compete against microsoft's chatGPT.
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