Google Loses $100 Billion in Market Value After AI Chatbot Bard Flubs Answer
Google faces a massive $100 billion drop in market value after its new AI chatbot, Bard, provides a factually incorrect response in a promotional video. The blunder highlights the high stakes and risks tech giants face as they rush to compete with OpenAI's ChatGPT.
Tech giants race to release artificial intelligence chatbots as they compete with the highly popular ChatGPT. Google unveils its own AI assistant, Bard, which relies on the company's LaMDA language model and aims to integrate directly into the Google search engine.
A major flaw emerges during a promotional demonstration when Bard provides an inaccurate answer about the James Webb Space Telescope. The chatbot incorrectly claims the telescope takes the very first pictures of an exoplanet, a feat actually achieved by a different telescope in 2004.
This public mistake triggers a massive financial hit for Google's parent company, Alphabet, wiping out $100 billion in market value as shares drop nearly eight percent. The steep decline shows how investors react strongly to early failures in the high-stakes race to dominate the emerging AI market.