LONDON — Alphabet Inc lost US$100 billion (S$132 billon) in market value on Wednesday (Feb 8) after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle, feeding worries that the Google parent is losing ground to rival Microsoft Corp. Alphabet shares slid as much as nine per cent during regular trading with...
The Google logo is pictured atop an office building in Irvine, California, US on Aug 7, 2017.LONDON — Alphabet Inc lost US$100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle, feeding worries that the Google parent is losing ground to rival Microsoft Corp.
Google has been on its heels after OpenAI, a startup Microsoft is backing with around US$10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts. "Google has been scrambling over the last few weeks to catch up on Search and that caused the announcement yesterday to be rushed and the embarrassing mess up of posting a wrong answer during their demo."Alphabet posted a short GIF video of Bard in action via Twitter, promising it would help simplify complex topics, but it instead delivered an inaccurate answer.
The search and advertising giant is moving quickly to keep pace with OpenAI and rivals, reportedly bringing in founders Sergey Brin and Larry Page to accelerate its efforts."People are starting to question is Microsoft going to be a formidable competitor now against Google's really bread-and-butter business," said King Lip, chief strategist at Baker Avenue Wealth Management, which owns Alphabet and Microsoft shares.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer-Bard vs ChatGPT: What do we know about Google's AI chatbot?Alphabet Inc and rival Microsoft are once again locked in a race to rule the internet zeitgeist after the Google owner launched 'Bard' in answer to AI chatbot sensation ChatGPT.Just minutes after Google announced the launch of Bard on Monday, Microsoft said it would hold an event at its Redmond headquarte
Read more »
Bard vs ChatGPT: What do we know about Google's AI chatbot?Alphabet and rival Microsoft are once again locked in a race to rule the internet zeitgeist after the Google owner launched 'Bard' in answer to AI chatbot sensation ChatGPT. Just minutes after Google announced the launch of Bard on Monday, Microsoft said it would hold an event at its Redmond headquarters t
Read more »
Google AI chatbot Bard offers inaccurate information in company ad, shares slumpLONDON : Google shares slipped on Wednesday after it published an online advertisement in which its much-anticipated AI chatbot Bard delivered an inaccurate answer. The tech giant posted a short GIF video of Bard in action via Twitter, describing the chatbot as a 'launchpad for curiosity' that would help
Read more »
Alibaba says it is developing ChatGPT AI toolSHANGHAI : Alibaba on Wednesday confirmed it is developing a ChatGPT style AI tool which is currently in internal testing. ChatGPT - which can generate articles, essays, jokes and even poetry in response to prompts - has been rated the fastest-growing consumer app in history.
Read more »
Alibaba says it is developing ChatGPT AI toolSHANGHAI : Alibaba on Wednesday confirmed it is developing a ChatGPT style AI tool which is currently in internal testing. ChatGPT - which can generate articles, essays, jokes and even poetry in response to prompts - has been rated the fastest-growing consumer app in history.
Read more »
Alibaba says testing ChatGPT-style tool as AI buzz gathers paceSHANGHAI : China's Alibaba Group on Wednesday said it is developing a ChatGPT-style artificial intelligence (AI) tool and that it was currently in internal testing.Microsoft-backed chatbot sensation ChatGPT - which can generate articles, essays, jokes and even poetry in response to prompts - has been rate
Read more »