Vivid News 24: Due to its new chatbot giving inaccurate information in a promotional video and a lacklustre corporate event, Alphabet Inc.’s market value dropped by $100 billion on Wednesday, raising worries that Microsoft Corp. rival is closing the gap on Alphabet Inc.
During regular trading, Alphabet stock fell as much as 9%, with volumes more than tripling the 50-day moving average. After hours, they stopped losing money and were almost unchanged. After losing 40% of its value last year, the stock has gained 15% this year, losses on Wednesday included.
Which spacecraft actually took the first pictures of a planet outside of our solar system was incorrectly stated in Google’s advertisement for the chatbot Bard, which made its debut on Monday. Reuters was the first to notice this inaccuracy. Google has been in turmoil since OpenAI, a firm in which Microsoft is investing $10 billion, released software in November that astounded users and quickly gained notoriety in Silicon Valley for its startlingly accurate and well-written answers to simple questions.
Google avoided delving into specifics during its live-streamed presentation on Wednesday morning regarding how and when it would integrate Bard into its primary search function. Microsoft said that at an event the day prior, the public had access to a ChatGPT-integrated version of their Bing search.
Google, situated in Mountain View, California, discovered Bard’s error right before the presentation. According to Gil Luria, senior software analyst at D.A. Davidson, “Google has been a pioneer in AI research over the last many years, but they seemed to have fallen asleep on incorporating this technology into their search engine.”
The statement on Tuesday was made in a rush, which led to the embarrassing error of revealing the inaccurate response during their presentation. Google has been trying to catch up on Search over the previous few weeks. Microsoft’s stock rose by about 3% on Wednesday, but it was flat in after-hours trading. Alphabet tweeted that a quick GIF video of Bard in action would help to simplify complicated concepts, but it actually responded incorrectly.
Can I talk to my 9-year-old about the most recent JWST (James Webb Space Telescope) discoveries? is the advice given to Bard by the advertisement. In one of the comments Bard provides, it is said that the JWST was used to take the first pictures of exoplanets, or planets outside our solar system. However, NASA has acknowledged that the European Southern Observatory’s Very Large Telescope (VLT) was responsible for taking the first pictures of exoplanets in 2004.
“This emphasizes the necessity for a thorough testing approach, something we’re rolling off with our Trusted Tester programme this week,” a Google spokeswoman said. “We’ll combine external feedback with our own internal testing to guarantee that Bard’s solutions meet a high level for quality, safety, and groundedness in real-world information.”