Alphabet Inc (GOOGL.O) saw a $100 billion decline in market value on Wednesday as a result of its new chatbot providing false information in a promotional video and a lacklustre company event, fueling concerns that the parent company of Google is falling behind rival Microsoft Corp. (MSFT.O). During regular trading, Alphabet shares fell as much as 9%, with volumes nearly tripling the 50-day moving average. After hours, they reduced their losses and were nearly flat. With Wednesday’s losses excluded, the stock has gained 15% since the start of this year after losing 40% of its value last year.
Google did not get into specifics regarding how and when it would integrate Bard into its primary search function during its live-streamed presentation on Wednesday morning. Microsoft announced at an event the previous day that a ChatGPT-integrated version of their Bing search had already been made available to the public. Just before the presentation, Mountain View, California-based Google found Bard’s inaccuracy. On Wednesday, Microsoft stock increased by almost 3%; in after-hours trade, it remained unchanged.
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 applying this technology into their search engine.” Google has been rushing to catch up on Search over the past several weeks, which is what prompted the announcement on Tuesday to be rushed and led to the humiliating gaffe of releasing the incorrect response during their presentation.
Alphabet promised on Twitter that a brief GIF video showing Bard in action would help to explain complex subjects, but it instead provided an incorrect response:
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
What recent findings from the James Webb Space Telescope (JWST) can I share with my 9-year-old? is the advertisement’s prompt for Bard. Bard offers several responses, one of which claims that the JWST was used to capture the first images of exoplanets or worlds outside the solar system. But as NASA has confirmed, it was the Very Large Telescope (VLT) of the European Southern Observatory that captured the first images of exoplanets in 2004. As of your interest, you have a chance to read about An Animated Version In The Barney Relaunch.
Strong Opposition
Alphabet just experienced a dismal fourth quarter due to decreased spending on advertising. The search and advertising behemoth is reportedly bringing in founders Sergey Brin and Larry Page to speed up its efforts in order to keep up with OpenAI and competitors. According to King Lip, chief strategist at Baker Avenue Wealth Management, which holds Alphabet and Microsoft shares, “people are starting to wonder if is Microsoft going to be a significant rival now versus Google’s truly bread-and-butter business.” 
However, Lip emphasised that worries about Alphabet might be exaggerated, stating that “Bing is still a long, far cry away from Google’s search powers.” After corporate commitments to scale back on ostensibly “moonshot” projects and tens of thousands of job cutbacks in recent weeks, the new ChatGPT software has sparked optimism in technology corporations. According to Reuters, AI has taken over the minds of tech CEOs, who have cited it up to six times more frequently on recent earnings calls than in previous quarters. You might be liked to read about Megan Fox And Machine Gun Kelly Got Into A Huge Fight.
The allure of AI-driven search is that it might produce results in plain language as opposed to a list of links, which might speed up and improve surfing. What effect that might have on targeted advertising, which forms the basis of search engines like Google, is still unknown.
FAQs
What Is Bard Google AI?
February 7, 2023 4:15 AM EST. Google is girding for a battle of wits in the field of artificial intelligence with “Bard,” a conversational service apparently aimed at countering the popularity of the ChatGPT tool backed by Microsoft.
How Do I Log Into Google Bard?
Log in to Gmail using your full Bard Email address and Bard password. If you are already logged in to a personal Gmail.com account, click your profile icon and select “Add account” to open a new tab for login. Your Bard Account Password can be changed in the Bard Account Management tool linked below.
What Is Google AI?
Google AI, formerly known as Google Research, is Google’s artificial intelligence (AI) research and development branch for its AI applications.
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