Google's Market Value Plummets $100 Billion After AI Chatbot Failure

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Shares of Alphabet, Google’s parent company, suffered a $100 billion decline in market value after the company’s new AI chatbot provided inaccurate information in a promotional video.

Senior software analyst at D.A. Davidson, Gil Luria, stated, “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. 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.

The recent setback for Alphabet comes after a challenging fourth quarter in which advertisers reduced spending. To speed up its efforts and keep up with OpenAI and its competitors, the search and advertising giant is reportedly hiring co-founders Sergey Brin and Larry Page.Despite its recent failure, Bard’s advertisement has received over a million Twitter views.

Google’s AI is not likely to be any less politically biased than ChatGPT due to the company’s infamous leftist bias. Breitbart News has reported extensively on theAccording to a recent analysis by researcher David Rozado, the popular new AI chatbot ChatGPT by OpenAI — the AI research company founded by Sam Altman, Elon Musk, Peter Thiel, Reid Hoffman, and Jessica Livingston — displays a leftist political bias.

Peter Thiel, president and founder of Clarium Capital Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Photographer: Eva Marie Uzcategui/Bloomberg via Getty Images Rozado stated in his latest analysis that his first study of ChatGPT appeared to show a left-leaning political bias embedded in the answers and opinions given by the AI. Rozado conducted another analysis after the December 15 update of ChatGPT and noted that it appeared as if the political bias of the AI had been partially mitigated and that the system attempted to give multiple viewpoints when answering questions.

 

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Whether they acknowledge it or not, companies hold a public trust. Internal behavior which betrays that trust cause a loss of confidence in the company and a resulting loss of market value.

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Google's Bard AI chatbot screws up costing investors $100 billion in market valueThe shares of Google parent Alphabet dropped $100 billion in value after Google's new conversational AI chatbot Bard answered a question incorrectly.
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