Alphabet Inc., the parent company of Google, has suffered a huge loss of $100 billion.
Google launched its AI Bard to compete with Chat GPT. But a mistake by AI Bard cost Google $100 billion.
Let us tell you that Google released a promotional video of its new chatbot where AI Bard gave a piece of wrong information.
In the ad, a man asked Bard, "What new discovery from the James Webb Space Telescope can I tell my 9-year-old about?"
Bard's reply was, "The telescope took the first picture of any planet outside our solar system." which was wrong.
After this wrong answer, questions started arising on Google's AI Bard. Which affected the stock price of Alphabet Inc.
After this misinformation by AI Bard, the market cap of Google's parent company Alphabet Inc fell by $ 100 billion.
On Wednesday, Alphabet Inc Class A stock fell 9 percent to $ 99.05 per share. Which is a huge letdown.
After a major decline of 9 percent, the current market cap of Alphabet Inc. is now $ 1.278 trillion.
Let us tell you that Google has launched its AI chatbot to compete with its rival Microsoft Corp's Chat GPT.