Artificial intelligence (AI) chatbots are becoming more common every day. OpenAIThe process that started with ‘s ChatGPT almost caused the internet to change and reshape. In an attempt to catch up with this fast-moving trend, Google recently announced its own chatbot, Bard.
Many people think that ChatGPT is the most used artificial intelligence While waiting for Bard to replace him, artificial intelligence caused a market loss of $100 billion with the wrong answer from James Webb Telescope.
Googlehad promoted the Bard with high hopes and even organized an event to showcase his talents. During a live-streamed event, Bard Explaining new discoveries on the James Webb Space Telescope to a 9-year-old boy requested. The AI provided two correct answers that correctly understood the question.
With this, James Webb made a major mistake by claiming that the Space Telescope had captured the first image of exoplanets.. The correct answer was different. That’s because the European Southern Observatory’s Very Large Telescope was the first telescope to capture an image of an exoplanet in 2004.
As you can imagine, the mistake made while waiting for Google to show its power caused a significant loss. Google’s parent company, Alphabet Inc., as a result 100 billion dollars saw a loss in market value. Alphabet shares also fell as much as 9% during normal trading. Hours later, they had somehow offset their losses.
So, what was the reason for this significant loss of value?
Technology is one of the most volatile business sectors in the world. This innovation-based industry is a business that cannot keep up with the developments. has caused many companies to lose their popularity and become almost outdated in the market. Since the day it was founded, almost no company has been able to maintain its position at the top.
Companies like Nokia and Motorola have declined to the extent that they are sold out in just a few years. Investors are concerned that Google is losing ground following the continued popularity of OpenAI’s ChatGPT. Microsoft-powered AI chatbot just two months after launch 100 million users however, it created a great excitement by acquiring it.
Google is expected to improve Bard to provide clearer and more accurate answers in the future. However, it is unknown whether the company will shift its focus to AI-centric answers and push the search business to the background.