In the world of technology, advancements are constantly being made and new products are being launched every day. However, a recent event has shown that even the biggest companies in the world are not immune to mistakes. On Tuesday, Google’s new AI chatbot made a critical error, causing a drop of $100 billion in the company’s shares on Wednesday (9th-Feb-2023).
The new AI chatbot, called “BARD”, was launched as a way for customers to easily communicate with the company. The chatbot was designed to answer questions, provide information and assist with customer service issues. However, on Tuesday, the chatbot made a mistake that caused a significant stir among investors and the stock market.Bard is Google’s artificial intelligence chatbot. It will work exactly like ChatGPT, that is, users will be able to use the chatbot through conversation. The new chatbot is based on Google’s Language Model for Dialogue Application (Language Model for Dialogue Application or LaMDA).
During a conversation with a customers, the chatbot made an incorrect statement about the company’s financial situation. The statement was quickly spread on social media and caused a panic among investors. As a result, shares of Google dropped by $100 billion in just a matter of hours.
Google quickly issued a statement regarding the mistake, stating that the chatbot had made an error and that the company’s financial situation was not impacted by the statement. However, the damage had already been done and the company’s shares continued to drop throughout the day.
The incident has raised questions about the reliability of AI technology and the role it plays in the stock market. Many experts believe that this type of error could be a turning point in the way that AI technology is viewed and used in the stock market.
Google has stated that it is working to address the issue and prevent similar mistakes from happening in the future. The company has also stated that it will be closely monitoring the use of its AI chatbot to ensure that it does not make any more mistakes that could impact the stock market.
In conclusion, the recent incident with Google’s new AI chatbot has shown that even the biggest companies in the world are not immune to mistakes. The incident has raised important questions about the reliability of AI technology and the role it plays in the stock market. It remains to be seen what the long-term impact of this incident will be, but it is clear that companies need to be cautious and consider the potential consequences before implementing AI technology in their business operations.
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