Google Lost $100 Billion by Showing a Raw Version of the Bard Chatbot
In Brief
Google’s failed presentation of the Bard chatbot was an embarrassment to the company and showed that there needs to be more thorough testing of products before they are presented in public.
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.
Microsoft is leading the battle of chatbots with a score of 1-0, and Google will need to catch up quickly or risk losing even more market value.
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.
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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.
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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.
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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.
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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.
