News Report Technology
February 10, 2023

Google Lost $100 Billion by Showing a Raw Version of the Bard Chatbot

The last Google presentation was very strange and weak. Google showed previously announced products, and when it got to Bard, the presentation didn’t start well. The hosts could not find it at first to run the demo. When the demo did run, the chatbot made a factual error. Bard claimed that the first image of a planet outside of our solar system was taken by the James Webb telescope, although it was actually the Very Large Telescope in Chile back in 2004.

Google lost $100 billion by showing a raw version of the Bard chatbot
This major mistake was an embarrassment to Google and shows that there needs to be more thorough testing of products before they are presented to the public
Related: Enhance Your Conversational AI Experience with the Best Google Bard Prompts and ChatGPT Prompts.

The company was tripping over its own feet to finish preparing the presentation. It was important for Google to present the Bard chatbot after Microsoft unveiled a working version of the Bing search engine and the Edge browser with integrated ChatGPT during its last presentation. Google’s chatbot is nowhere near being ready for deployment, and the developers have a long way to go if they want to compete with ChatGPT and Microsoft.

While Google may have lost $100 billion in market value by showing a raw version of the Bard chatbot, the consequences could have been much worse. The demo showed that the chatbot was not yet ready for prime time and that Google had a lot of work to do before it could be released.

Difference in market response to AI presentations from Microsoft/Google
Recommended post: Top 5 GPT-powered extensions for Google Sheets and Docs in 2023

So far, Microsoft is leading the battle of chatbots with a score of 1-0. Amid the failed presentation, the share price of Alphabet (the parent company of Google) fell by 9%, and the company’s market value fell at the moment by $170 billion; then, as everything calmed down, the total losses for the day amounted to $100 billion.

Microsoft, on the other hand, is much further along with its chatbot, and it is already being used by millions of people. Google will need to catch up quickly, or it will risk losing even more market value.

  • Microsoft has just presented a new browser powered by OpenAI’s ChatGPT algorithm. It is designed to provide more relevant search results by understanding the user’s intent. It is available in 100 languages and is immediately built into the Edge browser. It is more powerful than previous versions, is better responsive to queries, and can provide more up-to-date information.
  • During Google’s latest presentation, the company was unable to determine how to respond to Microsoft. Google’s primary AI chatbot, Bard, is not nearly as advanced as Microsoft’s ChatGPT. Bard cannot be integrated into Google search and is not nearly as helpful as other chatbots. Bard failed with rather several simple queries.
  • Microsoft has also announced that artificial intelligence will be integrated into all its products, beginning with the search engine Bing. The next-generation OpenAI language model, Prometheus, will power the new Bing search engine, which is designed specifically for search engines and is more powerful than ChatGPT. This will improve relevancy, annotate snippets more accurately, provide more up-to-date results, comprehend geolocation, and strengthen security.
  • Microsoft will be releasing its ChatGPT chatbot technology with other businesses, and this will help it take the lead in the chatbot market. It will enable other businesses to develop their own chatbots, which will enable them to streamline operations and give clients more precise and recent information. In ten years, chatbots will be as widespread as Word and Excel, thanks to Microsoft’s efforts to solidify its position as the industry leader.

Read more about AI:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

More articles
Damir Yalalov
Damir Yalalov

Damir is the team leader, product manager, and editor at Metaverse Post, covering topics such as AI/ML, AGI, LLMs, Metaverse, and Web3-related fields. His articles attract a massive audience of over a million users every month. He appears to be an expert with 10 years of experience in SEO and digital marketing. Damir has been mentioned in Mashable, Wired, Cointelegraph, The New Yorker, Inside.com, Entrepreneur, BeInCrypto, and other publications. He travels between the UAE, Turkey, Russia, and the CIS as a digital nomad. Damir earned a bachelor's degree in physics, which he believes has given him the critical thinking skills needed to be successful in the ever-changing landscape of the internet. 

Hot Stories
Join Our Newsletter.
Latest News

Web3 Fundraising Report Q3 2023: A Overview of Evolving Trends and Strategies

In this report, we explore all the trends in the AI, crypto and web3 sectors and identify ...

Know More

Virtual Reality Superior Than Video Conferencing for Remote Work Collaboration: PWC Report

In today’s modern era of remote work, the traditional landscape of digital meetings and workshops is undergoing ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Starknet Foundation Clarifies Airdrop Speculations Amid Social Media Buzz
Markets News Report
Starknet Foundation Clarifies Airdrop Speculations Amid Social Media Buzz
December 1, 2023
South Korea’s INU Researchers Develop Deep Learning Model to Enhance Autonomous Vehicle Safety
News Report Technology
South Korea’s INU Researchers Develop Deep Learning Model to Enhance Autonomous Vehicle Safety
December 1, 2023
Ark Invest Continues Selling Spree, Offloads $15 Million More in Coinbase Shares
Markets News Report
Ark Invest Continues Selling Spree, Offloads $15 Million More in Coinbase Shares
December 1, 2023
BC Technology’s OSL Partners Victory Securities for Hong Kong Retail Digital Asset Trading
News Report Technology
BC Technology’s OSL Partners Victory Securities for Hong Kong Retail Digital Asset Trading
December 1, 2023
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.