YOU may feel there is pressure on you to get it right when you do a test or exam, but imagine giving one wrong answer that cost you $106 billion!
As this article explains, exactly that happened earlier on this week when Alphabet (owner of Google) demonstrated its new AI rival to ChatGPT, called Bard. It gave wrong information about the James Webb space telescope, and markets took this as such a negative sign of Bard’s capabilities that within a day Alphabet’s shares lost 9% in value.
This comes in a week when Microsoft announced a deal to use ChatGPT technology in its Bing search engine. Currently, only 3% of internet searches are done using Bing, while Google search accounts for 90%. However Microsoft estimates that every 1% of the search engine market represents $2 billion extra in advertising revenue. Let’s say they pay ChatGPT $10 billion and this in turn increases Bing’s share by 5% - this would obviously be well worth it. On the other hand you can bet that Alphabet will be putting lots of money in developing Bard, especially its knowledge of astronomy!
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