Google is a leading tech company known for its search engine and other services such as Gmail and Google Maps. Despite its success, the Google recently suffered a market value loss of $100 billion due to an error by its new chatbot Bard in a promotional video. The error highlighted the importance of thorough testing for Google.
Oops… Google Bard made a mistake
On February 7th, Google launched its AI chatbot Bard and released an advertisement video. The video showed Bard answering a question about new discoveries from the James Webb Space Telescope.
However, NASA later confirmed that those pictures were taken by the European Southern Observatory’s Very Large Telescope in 2004. This error caused Alphabet shares to plummet 9% and resulted in a loss of $100 billion for the company.
Rise of Google
Google was founded with the goal of developing algorithms to help users efficiently sort through the vast amount of content available online. This innovative approach quickly established Google as a leader in the field and set the company on a path of continual growth and expansion.
But despite its early success, Google initially struggled to monetize its search engine until the creation of Google Adwords, a platform for pay-per-click advertisements. Adwords quickly evolved into a fully automated advertising auction that revolutionized digital advertising.
ChatGPT vs Google
ChatGPT, the AI language model, has been gaining popularity and has caused a stir in the tech industry. Google, a dominant player in the field of AI and related startups, is now facing competition from this tool. Google boasts a strong brand, a large user base, and expertise in the online search and information market.
However, ChatGPT has a unique edge with its advanced language processing abilities through deep learning algorithms. This allows ChatGPT to provide more accurate and relevant answers to complex questions. The competition between Google and ChatGPT is expected to heat up in the future, with ChatGPT having the potential to surpass Google’s search engine with its language processing capabilities.
Also Read: ChatGPT possess real threat to these professions
Pros for Google
Because of wrong answer form Google Bard, Google’s recent loss of $100 billion in market value is a significant setback for the company, but it is not the end of the road. The company has faced challenges before and has always managed to bounce back, and there is no reason to believe that this time will be any different.
However, the rise of new competitors in the tech industry, combined with criticisms of Google’s privacy policies and advertising practices, means that the company will need to work for it.
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