Bard Bot Blunder: Google’s AI Error Costs Parent Company $100 Billion in Market Value

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.

 

TikTok Hit with €345 Million Fine in Europe for Child Privacy Violations

China’s Economy Shows Signs of Recovery, but Real Estate Remains a Concern

Arm’s China Conundrum and the Risks in its $5 Billion IPO

Shining a Light on AI ‘Ghost’ Staff: US Lawmakers Probe Tech Giants

Apple’s iPhone 15 Unveil: What to Expect

Tesla’s Dojo Supercomputer and the $500 Billion Market Value Surge

Biden’s Vietnam Visit: Promoting Global Stability and Strengthening Alliances in Asia

The Evolution of the Eight-Hour Workday in the United States

Navigating the Intersection of Tech Trends, Security, and Hybrid Work in 2023

China Enforces iPhone Ban for Government Officials Amidst Growing Tech Tensions

techbiz.network Google's Bard AI

Google’s Bard AI Chatbot Takes a Leap Forward with Major Expansion

Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent …
techbiz.network Eddie Wu CEO Alibaba. Source: Straitstime

Alibaba’s AI-Powered Renaissance Amidst New Leadership and Market Challenges

In a bold move to navigate the ever-evolving landscape of e-commerce and cloud computing, Alibaba Group is embarking on its …
techbiz.network Google's Bard AI

Google’s Bard AI Chatbot Takes a Leap Forward with Major Expansion

Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent …
techbiz.network Eddie Wu CEO Alibaba. Source: Straitstime

Alibaba’s AI-Powered Renaissance Amidst New Leadership and Market Challenges

In a bold move to navigate the ever-evolving landscape of e-commerce and cloud computing, Alibaba Group is embarking on its …
techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network travel in Hanam

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

On May 14th, at Tam Chuc Tourist Area in Kim Bang District, the People’s Committee of Ha Nam Province, together …
techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network Vietnam Airlines' Heritage Guide

Unveiling the Heritage Guide: Vietnam Airlines’ Exquisite Travel Companion for Exploring Vietnam

On June 15th, Vietnam’s national airline, Vietnam Airlines, officially launched a new travel guide publication called “Heritage Guide” on all …
techbiz.network Thomson Medical Group of Singapore accquires FV hospital

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam

Singapore’s Thomson Medical Group (TMG) has made a significant move in the healthcare sector by acquiring Vietnam’s FV Hospital, marking …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …
Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

Talks with Leaders, Ep8: 1st AI Doctor Assistant in Vietnam provides 90+% correct diagnosis within 5s

In this eighth episode, we’ll learn about VinBrain, a VinGroup subsidiary dedicated to developing AI and IoT technologies for …
techbiz.network blockchain meets metaverse

Talks with Leaders, Special episode: Blockchain meets Metaverse, featuring business leaders, investors, tech experts and global influencers

On November 14, 2021, the live webinar Blockchain meets Metaverse was successfully organized by TechBiz with the participation of …
techbiz.network Google's Bard AI

Google’s Bard AI Chatbot Takes a Leap Forward with Major Expansion

Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent …
techbiz.network Google's Bard AI

Google’s Bard AI Chatbot Takes a Leap Forward with Major Expansion

Google’s Bard AI chatbot is getting a major upgrade, and it’s all about making your life easier. In a recent …

techbiz.network valentino joins metaverse

Valentino Joins the Metaverse: An Exciting Partnership with UNXD

Valentino, the iconic Italian fashion house, has announced its foray into the metaverse through a partnership with UNXD, the leading …

techbiz.network coinbase CEO concerns about SEC request

Coinbase CEO: SEC Request Could Have Spelled the End of US Crypto Industry

In a recent revelation, Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in America, disclosed that the company …

techbiz.network coinbase CEO concerns about SEC request

Coinbase CEO: SEC Request Could Have Spelled the End of US Crypto Industry

In a recent revelation, Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in America, disclosed that the company …

techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network Abode by Stuarte Semple challenges Adobe

Abode: Artist Challenges Adobe’s Dominance with Lifetime Creative Software Suite

Artist and activist Stuart Semple has embarked on an ambitious project to challenge the dominance of Adobe, the corporate …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …

techbiz.network thread lost 82% users

Threads App’s Rollercoaster Ride: Plummeting 82% of Users Raise Concerns for Meta’s Social Experiment

In early July, Meta, formerly known as Facebook, unveiled its highly anticipated social media offering, Threads. The platform, described as …

techbiz.network Michelin Guide

The Michelin Guide: Honoring Culinary Excellence and Unveiling Hidden Gems

The Michelin Guide, which began as a humble travel companion for motorists, has evolved into an iconic gastronomic authority. It …

techbiz.network Traveling to Haivaii

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Hawaii, an idyllic paradise nestled in the heart of the Pacific Ocean, is a dream destination for many travelers. With …
techbiz.network travel in Hanam

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

On May 14th, at Tam Chuc Tourist Area in Kim Bang District, the People’s Committee of Ha Nam Province, together …

techbiz.network Thomson Medical Group of Singapore accquires FV hospital

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam

Singapore’s Thomson Medical Group (TMG) has made a significant move in the healthcare sector by acquiring Vietnam’s FV Hospital, marking …
techbiz.network By Rotation clothing rental app

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

By Rotation, a U.K.-based clothing rental app, is on a mission to combat the harmful effects of fast fashion by …