Oops! Google Parent Alphabet's Stock Loses $100 Billion In A Day As New AI Chatbot Gives Wrong Answer
Google Parent Alphabet lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video, feeding worries that the Google parent is losing ground to rival Microsoft Corp.
Google Parent Alphabet lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video, feeding worries that the Google parent is losing ground to rival Microsoft Corp, as per Reuters.
$100 Billion Lost After Bard Gives Wrong Answer
Alphabet shares fell over 7% during regular trading yesterday after Alphabet posted a short GIF video of Bard in action via Twitter, promising it would help simplify complex topics, but it instead delivered an inaccurate answer.
google screengrab
Alphabet stock had otherwise lost 40% of its value last year but had managed to rally 15% since the beginning of this year, and then came Wednesday's bloodbath.
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What The Google Ad Showed
In the advertisement, Bard is given the prompt: "What new discoveries from the James Webb Space Telescope (JWST) can I tell my 9-year old about?" Bard responds with a number of answers, including one suggesting the JWST was used to take the very first pictures of a planet outside the Earth's solar system or exoplanets.
The first pictures of exoplanets were, however, taken by the European Southern Observatory's Very Large Telescope (VLT) in 2004, as confirmed by NASA.
Bard is an experimental conversational AI service, powered by LaMDA. Built using our large language models and drawing on information from the web, it¡¯s a launchpad for curiosity and can help simplify complex topics ¡ú https://t.co/fSp531xKy3 pic.twitter.com/JecHXVmt8l
¡ª Google (@Google) February 6, 2023
Google¡¯s Response
¡°This highlights the importance of a rigorous testing process, something that we¡¯re kicking off this week,¡± a Google spokesperson said, as per Forbes report, noting the testing process will combine external feedback with Alphabet¡¯s own internal testing to make sure Bard¡¯s responses ¡°meet a high bar for quality, safety and grounded-ness in real-world information.¡±
Bard's error was discovered just before the presentation by Google, based in Mountain View, California, Forbes report mentioned.
Google¡¯s AI Chatbot After Microsoft¡¯s ChatGPT
Reuters
Google has been on its heels after OpenAI, a startup Microsoft is backing with around $10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts.
Google's live-streamed presentation on Wednesday morning did not include details about how and when it would integrate Bard into its core search function. Adding to potential concerns for Google, Microsoft recently held an event touting that it had already released to the public a version of its Bing search with ChatGPT functions integrated.
Launched in November 2022, ChatGPT became the fastest-growing consumer application in history as it amassed 100 million monthly active users in only two months into its launch, i.e. by January 2023.
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