Googles Bard AI bot mistake wipes 100 Billion off Shares
Google is frantically searching for ways to reassure people that it is still out front in the AI race.
Chatbot Bard is Googles response to ChatGPT
Google’s response to ChatGPT has got off to an embarrassing start after its new artificial intelligence-powered chatbot gave a wrong answer in a promotional video, as investors wiped more than $100bn (£82bn) off the value of the search engine’s parent company, Alphabet.
The sell-off on Wednesday came amid investor fears that Microsoft, which is deploying an ChatGPT-powered version of its Bing search engine, will damage Google’s business. Alphabet stock slid by 9% during regular trading in the US but was flat after hours.
Experts pointed out that promotional material for Bard, Google’s competitor to Microsoft-backed ChatGPT, contained an error in the response by the chatbot to: “What new discoveries from the James Webb space telescope (JWST) can I tell my nine-year old about?”
Shares in parent company Alphabet sank more than 7% on Wednesday, knocking $100bn (£82bn) off the firm's market value.
In the promotion for the bot, known as Bard, which was released on Twitter on Monday, the bot was asked about what to tell a nine-year-old about discoveries from the James Webb Space Telescope.
It offered the response that the telescope was the first to take pictures of a planet outside the earth's solar system, when in fact that milestone was claimed by the European Very Large Telescope in 2004 - a mistake quickly noted by astronomers on Twitter.
"Why didn't you factcheck this example before sharing it?" Chris Harrison, a fellow at Newcastle University, replied to the tweet.
Investors were also underwhelmed by a presentation the company gave about its plans to deploy artificial intelligence in its products