Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Google’s Bard AI bot mistake wipes $100bn off shares

by February 9, 2023
February 9, 2023
Google’s Bard AI bot mistake wipes $100bn off shares

Google is searching for ways to reassure people that it is still out in front in the race for the best artificial intelligence technology.

And so far, the internet giant seems to be coming up with the wrong answer.

An advert designed to show off its new AI bot, showed it answering a query incorrectly.

Shares in parent company Alphabet sank more than 7% on Wednesday, knocking $100bn (£82bn) off the firm’s market value.

In the promotion for the bot, known as Bard, which was released on Twitter on Monday, the bot was asked about what to tell a nine-year-old about discoveries from the James Webb Space Telescope.

It offered the response that the telescope was the first to take pictures of a planet outside the earth’s solar system, when in fact that milestone was claimed by the European Very Large Telescope in 2004 – a mistake quickly noted by astronomers on Twitter.

“Why didn’t you factcheck this example before sharing it?” Chris Harrison, a fellow at Newcastle University, replied to the tweet.

Investors were also underwhelmed by a presentation the company gave about its plans to deploy artificial intelligence in its products.

Google has been under pressure since late last year, when Microsoft-backed OpenAI unveiled new ChatGPT software. It quickly became a viral hit for its facility in passing business school exams, composing song lyrics and answering other questions.

Microsoft this week said a new version of its Bing search engine, which has lagged Google for years, would use the ChatGPT technology in an even more advanced form.

Though investors have embraced the push for artificial intelligence, sceptics have warned rushing out the technology raises risks of errors or otherwise skewed results, as well as issues of plagiarism.

A Google spokesperson said the error highlighted “the importance of a rigorous testing process, something that we’re kicking off this week with our Trusted Tester programme”.

“We’ll combine external feedback with our own internal testing to make sure Bard’s responses meet a high bar for quality, safety and roundedness in real-world information,” they said.

Last month, Google’s parent company Alphabet cut 12,000 jobs – about 6% of its workforce worldwide – amid layoffs at a number of leading tech giants.

Read more:
Google’s Bard AI bot mistake wipes $100bn off shares

0
FacebookTwitterGoogle +Pinterest
previous post
How to Save Money When Starting a Business
next post
UK needs almost a million new trades people

You may also like

Almost 4 million yet to file UK tax...

January 24, 2024

UK Court of Appeal clarifies trade mark law

November 2, 2022

Why picking the best media personalities to associate...

August 12, 2022

John Lewis falls to £78m loss and ditches...

March 16, 2023

Buyers could need planning consent for a holiday...

December 1, 2022

US tariff war disrupts UK luxury exports as...

April 24, 2025

Prime Minister Rishi Sunak hopes EU will waive...

May 18, 2023

Getting to Know You: Donald Turk, Construction Vehicle...

January 20, 2023

Why UK SME’s could be saving time and...

January 21, 2023

UK Economy Shows Signs of Recovery, Exiting Recession

May 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Wagyu Farmer in Congress Wants Tariffs on Australian Wagyu

      May 15, 2025
    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025
    • Dems divided on Trump’s executive order aimed at slashing drug prices

      May 15, 2025
    • Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 20 years

      May 15, 2025
    • How Automated Packaging is Revolutionizing Supply Chains

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,962)
    • Politics (15,232)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved