Google Loses $100 Billion After Bard AI Demo Shares False Information
Alphabet loses a massive $100 billion in market value after its new Bard AI chatbot provides a factually incorrect answer in a public promotional video. The embarrassing misstep fuels concerns that Google is falling behind Microsoft in the escalating artificial intelligence race.
Alphabet faces a massive financial setback as investors dump $100 billion worth of stock following a highly publicized failure of the Google Bard demo. In a promotional video shared on Twitter, the AI chatbot confidently provides incorrect information about the James Webb Space Telescope, incorrectly claiming it captured the first images of an exoplanet.
This embarrassing factual error draws immediate corrections from astronomers, who point out that the first exoplanet images actually date back to 2004. The severe market reaction highlights growing investor anxiety that Google is losing ground to Microsoft in the rapidly evolving artificial intelligence sector.
Microsoft intensifies this pressure as CEO Satya Nadella makes bold claims about the new Bing AI defeating Google in the search business. While Google touts Bard as an experimental conversational service powered by its LaMDA language model, the costly demo failure leaves the tech giant scrambling to prove its competitiveness.