Google’s parent company, Alphabet, saw a sharp drop in market value this week, losing $100 billion after its newly launched conversational bot, Bard, produced a factual error in an advertisement demo. The ad ran on Google’s Twitter feed and described Bard as “a launchpad for curiosity” and a search tool to help simplify complex topics. However, when prompted with a question about the James Webb Space Telescope, Bard claimed that it had taken the first pictures of exoplanets, which turned out to be incorrect. The European Southern Observatory’s very large telescope was actually the first to take pictures of these celestial bodies in 2004.
This misstep came just hours before Google’s senior executives presented Bard as the future of the company at a launch event in Paris. As a result of the error, Alphabet shares dropped as much as 9% during trading hours, while shares of Microsoft, Google’s rival, rose by 3%. This was due to Microsoft’s recent announcement that it would incorporate ChatGPT, created by OpenAI, into products like its Bing search engine.
Artificial intelligence technology has been all the rage in Silicon Valley lately, impressing investors and eliciting fear in writers for its ability to answer questions in a simple language format. However, ethicists warn that this technology also raises the risk of biased answers, plagiarism, and the spread of misinformation. This is because AI bots often state incorrect information as fact because they are designed to fill in gaps.
In recent months, the tech sector has experienced widespread job cuts, with Alphabet cutting about 6% of its global workforce, or 12,000 jobs, last month. Google CEO Sundar Pichai stated in a blog post that Bard will be exclusively available to trusted testers before its public release in the coming weeks.
The error by Bard highlights the importance of fact-checking and caution when it comes to relying on artificial intelligence. As AI continues to play a larger role in our lives, it is crucial to ensure that the information it provides is accurate and unbiased. While AI technology has the potential to make our lives easier and more convenient, it is essential that we remain vigilant about its limitations and potential risks.
The latest announcement by Twitter CEO Elon Musk about changes to the verification system has left many users confused and concerned. #twitter #techbiz #technology #business #bluecheckmark
The Tiktok Congressional hearing has sparked a firestorm of contrasting viewpoints on the perspectives of the two sides. Many Americans voiced disappointment and frustration over the lawmakers’ arguments and questions, which revealed their ignorance of technology, social media, and Tiktok, making their speech a laughing stock for viewers.
Dozens of American companies are in Vietnam this week to explore local investment opportunities in one of the fastest-growing economies in the world.
GSM, a subsidiary of Vingroup’s electric vehicle leasing company, has invested in Be Group to bring Vinfast electric cars and motorbikes into their transportation services.
Every year, the Spanish city of Valencia becomes a hub of excitement and activity as it celebrates one of the most unique and spectacular festivals in the world: Las Fallas.
Silicon Valley Bank is a technology-focused bank that was founded in the United States in 1983 to provide financial services to startups and other technology companies.
From being rejected on Shark Tank to becoming a guest Shark and eventually selling his company, Ring, for over a billion dollars to Amazon, Siminoff’s journey is nothing short of inspiring.
Amazon’s CEO Andy Jassy has just announced in a memo to staff that Amazon is set to lay off an additional 9,000 employees in the coming weeks.
The global banking crisis has taken center stage as Credit Suisse became the latest bank to be taken over by a rival in a rapid, orchestrated deal by Swiss authorities.
TikTok has faced bans in multiple countries, including the United Kingdom, the United States, Canada, and New Zealand. The reasons for these bans vary, but they all reflect concerns about TikTok’s links to China through its parent company, ByteDance, and the possibility that the Chinese government could pressure the company to hand over users’ personal information.
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First NFT vending machine in the world is now operational in New York
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The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
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