Google lost 100 Billion dollar in 1 day but why?
On Monday, Google's new AI chatbot, Bard, made a factual error during a promotional advertisement. The system confidently claimed that the James Webb Space Telescope captured the first ever image of a planet outside our solar system, however, this milestone was actually achieved 17 years prior to the JWST launch.
The mistake had a significant impact on the company's financials. Despite Google highlighting their rigorous testing process for Bard, the company's shares took a sharp downturn, dropping 8% - the largest drop in over three months. This resulted in a loss of roughly $100 billion in just one day.
The error highlights the challenges of relying solely on AI systems and the limitations of technology. Unlike human brains, AI systems process information by analyzing patterns in large amounts of text, making predictions about what words come next, rather than synthesizing ideas and understanding context. This can lead to mistakes and inaccuracies, as seen in Bard's misstep.
While this setback is significant, it is not the end of the road for Google and AI technology. The future of AI is still promising and we can expect to see many more advancements and innovations in the field.