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Alphabet loses $100 billion in market capitalization due to search chatbot bug

  • February 9, 2023
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Google’s parent company Alphabet has lost $100 billion in market capitalization after its new artificial intelligence chatbot service Bard shared misinformation in a promotional video. This was reported

Alphabet loses 0 billion in market capitalization due to search chatbot bug

Alphabet loses $100 billion in market capitalization due to search chatbot bug

Google’s parent company Alphabet has lost $100 billion in market capitalization after its new artificial intelligence chatbot service Bard shared misinformation in a promotional video.

This was reported by Ukrinform with reference to Reuters.

As noted, Alphabet shares fell 9% on Feb. Shares of the company lost 40% last year, but are up 15% since the beginning of this year (excluding losses on Feb. 8).

Alphabet tweeted a short video about the Bard, promising it would help simplify complex topics, but instead gave an incorrect answer. The mistake was in the knowledge of which apparatus first took pictures of a planet outside the solar system. The Bard bug was discovered just before Google’s presentation.

The chatbot ad asks the question: “What new discoveries can I tell my 9-year-old about from the James Webb Space Telescope?” Bard offers several possible answers, including suggesting that the telescope was used for the first images of an exoplanet. However, the first photographs of exoplanets were taken by the European Southern Observatory’s Very Large Telescope in 2004, which was approved by NASA.

Reuters was the first to point out the error in Google’s Bard chatbot ad launched Monday.

Google is trying to catch up with Microsoft, which is integrating startup OpenAI’s chatbot. In November, it unveiled software that had become a sensation in Silicon Valley with its surprisingly accurate and well-written answers to simple questions that stunned consumers.

Source: Ukrinform

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