Google Loses $100 Billion in Market Value After AI Chatbot Blunder
Alphabet sees its market value plummet by over $100 billion after its new AI chatbot, Bard, makes a highly visible factual error in a promotional video. The costly mistake coincides with a rival Microsoft enjoying a boost in its own stock price.
Google faces a massive financial setback after its new AI chatbot, Bard, makes a factual error in a promotional video. This single mistake causes Alphabet to lose over $100 billion in market value as social media users quickly point out that the company could have easily verified the incorrect exoplanet claim by using its own search engine.
The embarrassing glitch occurs just hours before Google's senior executives tout Bard as the future of the company at a high-profile launch event in Paris. As a direct result of the blunder, Alphabet shares slide significantly during mid-week trading, ultimately totaling an 11.5 percent drop over a three-day period by Friday.
While Google deals with the fallout and internal criticism regarding a rushed announcement, rival Microsoft sees its own shares rise by three percent. CEO Sundar Pichai states that Bard remains available exclusively to trusted testers as the company prepares for a public release in the coming weeks.