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Google incurred a remarkable $100 billion loss as a result of presenting an unfinished iteration of the Bard chatbot.

In Brief

The poor demonstration of Bard highlighted serious shortcomings for Google, as it underscored the urgent need for comprehensive testing prior to public releases.

The demonstration revealed that the chatbot was clearly not prepared for its big debut, indicating that Google has significant work ahead in order to make it viable.

In the ongoing race of chatbot development, Microsoft currently holds the advantage with a score of 1-0. Google urgently needs to accelerate its progress, or it risks further market devaluation.

The recent Google showcase was peculiar and lacking in strength. They presented previously announced products, but the segment on Bard faltered right from the start. The presenters struggled to locate the demo initially, and once it began, the chatbot made a critical error. Bard mistakenly stated that the first image of an exoplanet was captured by the James Webb telescope, when in fact, it was taken by the Very Large Telescope in Chile way back in 2004.

Google saw its market value plummet by $100 billion due to the unpolished presentation of its Bard chatbot.
This significant blunder cast a shadow over Google's reputation, highlighting the necessity for more rigorous testing before anything is disclosed to the audience.
Related : Elevate Your Conversational AI Experience with the Best Google Bard Prompts and ChatGPT Prompts .

The company seemed to struggle to finalize its presentation, particularly since it was crucial for Google to unveil the Bard chatbot following Microsoft's launch of a functional version of the Bing search engine integrated with ChatGPT. It’s evident that Google’s chatbot isn’t yet ready to hit the market, and developers still face a long road ahead to be competitive. ChatGPT and Microsoft.

Though Google lost $100 billion in market capitalization after rolling out a rough draft of Bard, the impact could have been far worse. The demo showcased the chatbot's unpreparedness, emphasizing that Google has much left to accomplish before its official launch.

Comparison of market reactions to AI announcements from Microsoft and Google shows the differing impacts.
Recommended post: Check out the top five extensions powered by GPT that enhance Google Sheets and Docs in 2023.

Currently, Microsoft is ahead in the chatbot race with a score of 1-0. Following the unsuccessful Google presentation, Alphabet's share price dropped by 9%, leading to an instantaneous loss of $170 billion in market capitalization, which ultimately settled at $100 billion by the day's end.

Conversely, Microsoft is making strides with its chatbot, which has already gained millions of users. Google needs to move quickly to avoid further declines in its market standing.

  • Microsoft has just presented a new browser Powered by OpenAI’s ChatGPT technology, this system is crafted to yield more relevant search results by grasping user intent. It supports 100 languages and is natively integrated into the Edge browser. Its capabilities surpass those of past iterations, as it responds better to inquiries and supplies more current information.
  • During Google’s latest presentation The company found itself at a loss on how to respond effectively to Microsoft's advancements. Google’s leading AI chatbot, Bard, lacks the sophistication of Microsoft’s ChatGPT. It currently cannot be seamlessly integrated with Google Search and doesn't perform as well as other available chatbots, failing to deliver accurate responses to some basic queries.
  • Microsoft has announced plans to embed artificial intelligence across all its product offerings, starting with its search engine Bing. The latest iteration of the OpenAI language model will drive the new Bing, specifically tailored for search engines. This upgrade promises enhanced relevance, more precise snippet annotations, up-to-date results, improved geolocation understanding, and fortified security. Prometheus By sharing its ChatGPT technology with other businesses, Microsoft aims to solidify its position at the forefront of the chatbot market. This strategy will allow companies to create their own chatbots, streamlining operations and delivering more precise, timely information to clients. Given Microsoft’s commitment, we could see chatbots become as integral to daily use as Word and Excel within the next decade.
  • Microsoft will be The race for AI dominance among major tech companies: Google is currently testing its AI-powered chatbot in response to innovations like ChatGPT. The competition between Microsoft and Google is set to define 2023 as a pivotal year for AI titans.

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Google saw a staggering loss of $100 billion due to the unpolished presentation of its Bard Chatbot at a recent event, as reported by Metaverse Post.

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The latest showcase by Google was quite peculiar and underwhelming. While the company brought forward products that had been teased earlier, the segment featuring Bard left much to be desired.

In a significant misstep, Google lost $100 billion by presenting the Bard Chatbot in its raw, unfinished form.

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