Alphabet’s ChatGPT Rival, Bard Makes a $100 Mistake in its First Ad
After a presentation of its brand-new artificial intelligence chatbot, Bard, raised worries that the tech titan has fallen behind in the contest for the foreseeable future of internet search, Alphabet Inc. had its biggest one-day decline in more than three months.
Since the unveiling of developer OpenAI’s enormously well-liked chatbot, ChatGPT, which many in the tech sector herald as the future of search, Google has been under criticism. Microsoft Corp. revealed a new version of its Bing search engine and Edge browser on Tuesday that incorporates technology from the AI company, OpenAI, in which it is investing billions. Google held a press presentation in Paris on Wednesday where it provided further information on its efforts incorporating artificial intelligence into search.
Watch the live demonstration
The display mainly failed to impress investors. Bard was once questioned regarding fresh revelations made by the James Webb Space Telescope. Bard claimed in one of its comments that the telescope had been used to capture the first images of a planet outside the solar system, while NASA claims those images were actually captured by another telescope.
Bard is now only accessible to a small group of trustworthy testers, and OpenAI’s ChatGPT has also been discovered to provide incorrect or out-of-date responses. Investors, though, are very aware of any threat to Google’s search business, which is still its main source of revenue.
According to Mandeep Singh, a Bloomberg Intelligence analyst, “this is why you see such a reaction because this is the money producer, the cash cow in Alphabet’s portfolio.”
Bard’s response “highlights the need of a thorough testing procedure,” according to a statement from Google. The business stated that in order to verify that Bard’s responses “meet a high bar for quality, safety, and groundedness in real-world knowledge,” it will integrate external feedback with its own internal testing.
At 1:09 p.m. New York time on Wednesday, Alphabet was down 7.4% at $99.67. The shares earlier had their worst decline since October 26 with a dip of up to 8.9%.
Check out the tweet which shows the incorrect information by Bard
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
An internal fire alarm was pulled when Google issued a “code red” in response to the publication of ChatGPT last year, sending the company’s AI engineers into a panic. According to Singh, Bard’s subpar performance on the public stage implies the corporation might have felt under pressure to demonstrate the technology before it was ready.
They acted hastily, Singh claimed. You wouldn’t anticipate that from a corporation that is so powerful and has always managed to overcome obstacles to its primary business in search.
Although Google has long invested in artificial intelligence, Microsoft’s story this week was won by Microsoft, according to Gene Munster, co-founder and managing partner at Deepwater Asset Management.
“Right now the snapshot is: advantage Microsoft,” Munster said. “However, we still think the long-term advantage should go to Alphabet given the resources it has put into AI over the past six years.”
