Google shares drop $100 billion after its new AI chatbot makes a mistake

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Google shares drop $100 billion after its new AI chatbot makes a mistake
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Google responded to Microsoft’s ChatGPT by launching Bard, its own AI chatbot. But Bard produced a factual error in an ad demo, plummeting the company’s market value by $100 billion.

at a launch event in Paris. By Wednesday, Alphabet shares had slid as much as 9% during trading hours, balancing out by the day's close.that it would incorporate ChatGPT into products like its Bing search engine. The company has invested $10 billion into OpenAI, the start-up that created ChatGPT.

Led by Microsoft, AI technology has recently taken Silicon Valley by storm, dazzling investors and sparking fear in writers for its ability to answer questions in plain, simple language rather than a list of links.and the spread of misinformation. Though they're often perceived as all-knowing machines, AI bots frequently state incorrect information as fact because they're designed to fill in gaps.— or 12,000 jobs — last month.

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