The world has not been stirred by Artificial Intelligence in real-time and outside reel-life as much as it has today. The present age is unlike no other, possibly hinting at the developmental stages for much further progress to come in the future. But with that set, Google’s answer to the famous ChatGPT may have worked out against them, rather than for them. Google lost 100 billion instantly. Here’s how.
How did Google lose 100 billion shares instantly?
Google designed its experimental AI service, Bard to rival Microsoft’s ChatGPT, generated incorrect information in its promotional video.
The company’s shares dropped 7.8% on the Nasdaq exchange on February 8th during regular trading hours and remained stable during after-hours trading.
How Google bard – the competition to ChatGPT messed up an answer
Reuters discovered the mistake just hours prior to Bard’s launch event in Paris. In the video showcasing Bard, the chatbot gave an inaccurate answer to a question regarding new discoveries from the James Webb Space Telescope (JWST), stating that the JWST was utilized to capture images of a planet outside of the Milky Way galaxy, which is false.
Reuters was the first to spot the mistake in Google’s advertisement that was launched on Monday, regarding the incorrect information about which satellite captured the first images of a planet beyond our solar system.
The shares of Alphabet, Google’s parent company, declined by 8%, or $8.59 per share, to $99.05, and were highly traded among the US exchanges.
The point of competition for Google AI against Microsoft’s ChatGTP
Google’s launch event took place a day after Microsoft announced its intention to integrate its AI chatbot, ChatGPT, into the Bing search engine and other products, presenting a significant challenge to Google which has been ahead in search and browser technology for years.
What did Bard do wrong for Google to lose 100 billion shares?
In the advertisement, the prompt given to Bard was: “What new discoveries from the James Webb Space Telescope (JWST) can I share with a 9-year-old?”
- Bard provided a variety of answers in response, one of which wrongly stated that the JWST was utilized to capture the first-ever images of exoplanets, or planets beyond our solar system.
- However, this information is incorrect, as the European Southern Observatory’s Very Large Telescope (VLT) captured the initial images of exoplanets in 2004, as verified by NASA.
Concluding
“We’ll combine external feedback with our own internal testing to make sure Bard’s responses meet a high bar for quality, safety, and groundedness in real-world information.” Said Google’s spokesperson.
According to Gil Luria, a senior software analyst at D.A. Davidson, Google has been trying to quickly improve its search capabilities over the past few weeks, which resulted in yesterday’s hasty announcement and the unfortunate error of providing an incorrect answer during the demonstration.
Sources: Indiatimes
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