Google’s AI Bot Bard experienced a setback when an error was made in an advertisement, causing its share price to drop by more than 7%.
This is the question Ask by person to google bard:
Despite the announcement of several AI-powered features, Google’s AI Bot Bard experienced a setback when an advertisement error occurred, causing its share price to tank and wiping out $100 billion of the company’s value. This event highlights the pressure Google faces as its AI Bot Bard experiences a setback in the highly competitive AI space.
The graph showing the drop in Alphabet shares following the error made by Google’s AI bot, Bard, provides valuable insight into the market’s reaction to the incident. Here are a few points you can discuss about the graph:
- Market Impact: The graph clearly shows the market’s reaction to the error made by Bard. The sudden drop in Alphabet shares indicates that investors were not impressed with the mistake and showed dissatisfaction through the stock price dip.
- Short-Term vs. Long-Term: It’s important to note that the drop in Alphabet shares was short-lived, as the company recovered some of the lost value. This suggests that the market may have a short-term negative reaction to such incidents but is willing to give companies the benefit of the doubt in the long run.
- Competition in the AI Space: The incident serves as a reminder of the intense competition in the AI space, with companies like Microsoft and OpenAI making significant strides in developing AI technology. As a result, the market may be more cautious in its approach to investments in the AI space.
- Importance of Accuracy: The error made by Bard highlights the importance of accuracy when it comes to AI technology. As AI technology becomes more prevalent in our daily lives, its information must be reliable and trustworthy.
- Room for Improvement: The graph can also serve as a wake-up call for Alphabet and Google, encouraging them to improve their AI technology’s accuracy and reliability to avoid future similar incidents.
Google Vice President Prabhakar Raghavan denied that the announcement was rushed due to pressure from Microsoft, saying that it had been a “multiyear journey.” Despite the setback, Google executives announced AI-induced improvements across its products, including maps, translation, and image recognition.
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 → https://t.co/fSp531xKy3 pic.twitter.com/JecHXVmt8l
— Google (@Google) February 6, 2023
On the other hand, Microsoft has also stated its intentions to incorporate AI into its Office suite and Teams messaging app, including its plans to improve the Bing search engine.
AI chatbots like ChatGPT are changing the game, providing users with ready-made answers from multiple sources, potentially replacing the traditional list of links and ads that have sustained Google’s dominance in the web search industry for two decades. The overnight success of ChatGPT was designated a “code red” threat at Google, causing co-founders Sergey Brin and Larry Page to return and fast-track a response. With Alphabet’s recent disappointing results and announcement of layoffs, the pressure for Google to act has heightened, leading to Google’s AI Bot Bard experiencing a setback with the error in its ad.
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