Google's ChatGPT rival Bard is already off to a terrible start, company
shares tumble

Date:
Thu, 09 Feb 2023 11:30:26 +0000

Description:
Google is struggling to keep up in the wake of Microsofts huge ChatGPT success, and its a little bit embarrassing.

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Shares in Alphabet, Google's parent company, plummeted by as much as 9% yesterday when the its ChatGPT rival failed to impress investors after making a fatal error (via Reuters ).

The company lost an estimated $100 billion in market value on a day when
rival company Microsofts shares rose by 3%.

The failure to wow onlookers was partly thanks to a promotional video that
saw the LaMDA-trained Bard share inaccurate information. Bard vs ChatGPT

Reuters had noticed the incorrect answer during a presentation by the company that saw a simulation ask Bard: What new discoveries from the James Webb
Space Telescope can I tell my 9 year old about?

Among Bards answers was that the JWST had taken the very first pictures of an exoplanet - a planet from outside our solar system. This is indeed incorrect, as the European Southern Observatory's Very Large Telescope is credited with taking the first picture of an exoplanet back in 2004, confirmed by NASA .

The day before Googles big presentation, Microsoft held an event to share information about its Bing search tool, which has now had ChatGPT integrated directly into it, leading company shares to rise. Read more

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A Google spokesperson said: this highlights the importance of a rigorous testing process, something that we're kicking off this week with our Trusted Tester program.

CEO, Sundar Pichai, said in a blog post that it would be more widely
available to the public in the coming weeks, but many are concerned that this may be too little too late, following a multi-billion dollar investment by Microsoft in OpenAI, the startup behind ChatGPT.

Gil Luria, a senior software analyst at D.A. Davidson, said: While Google has been a leader in AI innovation over the last several years, they seemed to have fallen asleep on implementing this technology into their search product. Luria explained that the rushed announcement had led to an embarrassing mess up. Heres our roundup of the best productivity tools

Via Reuters



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Link to news story: https://www.techradar.com/news/googles-chatgpt-rival-bard-is-already-off-to-a- bad-start-company-shares-tumble


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