Shares of Google parent Alphabet dive 8% after AI chatbot Bard flubs answer in ad

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Shares of Google parent Alphabet dive 8% after AI chatbot Bard flubs answer in ad
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The error was spotted hours before the Paris launch, where Google senior executive Prabhakar Raghavan promised that users would use the technology to interact with information in ‘entirely new ways’

Shares of Google’s parent company lost more than $100-billion in market value on Wednesday after its Bard chatbot ad showed inaccurate information and analysts said its AI search event lacked details on how it will answer Microsoft’s ChatGPT challenge.

“This is a hiccup here and they’re severely punishing the stock for it, which is justified because obviously everybody is pretty excited to see what Google’s going to counter with Microsoft coming out with a pretty decent product,” said Dennis Dick, founder and market structure analyst at Triple D Trading.

A Google spokesperson told Reuters: “This highlights the importance of a rigorous testing process, something that we’re kicking off this week with our Trusted Tester program.”

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