Google’s AI blunder of $100 billion  

ChatGPT’s competitor started with the left

It all started shortly after Google introduced Bard , the AI ​​chatbot that wants to compete with OpenAI’s established and popular ChatGPT , with which Microsoft works closely. 

During Bard’s presentation, Google posted a gif demonstrating the AI’s capabilities and how users will interact with it.

The question was ” What new James Webb Space Telescope discoveries can I tell my 9-year-old? “. But one of the answers he gave was wrong and it was about the first photo of an exoplanet ever taken. Bard claimed that JWST took the first photo of an exoplanet, when in fact this was done in 2004 by the VLT telescope .

This blunder, however, turned out to be…expensive for Google and the stock of its parent company, Alphabet . Shortly after Bard AI was revealed, Alphabet and by extension Google lost $100 billion in stock market value, sending its stock plummeting on Wall Street. 

Investors feared that Google would lose market share to the Bing search engine from now on, and no specific date was given for a general public release, other than that it would be in a few weeks.

A day before Bard’s presentation, Microsoft unveiled the new version of Bing with the upgraded version of ChatGPT integrated .