Google Share Price

Shares of Alphabet tumbled Wednesday after the company held an event to promote its new artificial intelligence chatbot.

In response to ChatGPT's popularity, Google declared an internal "code red" to accelerate development of Bard and other AI products, and the company's co-founders, Larry Page and Sergey Brin, [reportedly](https://www.nytimes.com/2023/01/20/technology/google-chatgpt-artificial-intelligence.html) got involved again, years after stepping down from day-to-day work at the company. Analysts at Evercore said there was "little incremental news" from Google's event, which may have contributed to the falling stock price. "We view these updates as the tip of the iceberg for MSFT's AI capabilities, with the largest opportunity in enterprise use cases." [Microsoft](/quotes/MSFT/) hosted its own AI event at its headquarters in Redmond, Washington. [AI software](https://www.cnbc.com/2022/12/13/chatgpt-is-a-new-ai-chatbot-that-can-answer-questions-and-write-essays.html) that generates text based on complex written prompts. Bing, which is a [distant second](https://gs.statcounter.com/search-engine-market-share) to During the event Wednesday, which was livestreamed from Paris, Google executives discussed some of Bard's capabilities. Bard is powered by the company's large language model LaMDA, or Language Model for Dialogue Applications. The web-based tool went viral after its debut in November, prompting analysts and Google employees to ask whether the [company was falling behind](https://www.cnbc.com/2022/12/13/google-execs-warn-of-reputational-risk-with-chatgbt-like-tool.html) in AI, an area which has been a core focus for Google for several years. [announced Bard](https://www.cnbc.com/2023/02/06/google-announces-bard-ai-in-response-to-chatgpt.html) on Monday, confirming [CNBC's prior reporting](https://www.cnbc.com/2023/01/31/google-testing-chatgpt-like-chatbot-apprentice-bard-with-employees.html), and the company said it will begin rolling out the technology in the coming weeks. [blog post](https://blog.google/technology/ai/bard-google-ai-search-updates/) Monday. [Alphabet](/quotes/GOOG/) closed down more than 7% on Wednesday after the company [held an event](https://www.cnbc.com/2023/02/08/google-bard-heres-more-of-what-the-chatgpt-competitor-can-do.html) that promoted its new artificial intelligence chatbot called Bard, one day after competitor Microsoft held its own event to show off new AI technologies in its competing search engine, Bing.

The tech giant posted a short GIF video of Bard in action via Twitter, describing the chatbot as a "launchpad for curiosity" that would help simplify ...

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Google Share Price: Alphabet Inc (GOOGL.O) lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a ...

"Google has been scrambling over the last few weeks to catch up on Search and that caused the announcement yesterday (Tuesday) to be rushed and the embarrassing mess up of posting a wrong answer during their demo." The new ChatGPT software has injected excitement into technology firms after tens of thousands of job cuts in recent weeks and executive pledges to pare back on so-called moonshot projects. Check [Business Breaking News Live](https://www.zeebiz.com/live-tv) on [Zee Business Twitter](https://twitter.com/zeebusiness) and [YouTube](https://www.youtube.com/channel/UCkXopQ3ubd-rnXnStZqCl2w). It remains unclear what impact that might have on targeted advertising, the backbone of search engines like Google. Microsoft, for instance, released a chatbot on Twitter in 2016 that quickly began generating racist content before being shut down. Bard responds with a number of answers, including one suggesting the JWST was used to take the very first pictures of a planet outside the Earth's solar system, or exoplanets. "We'll combine external feedback with our own internal testing to make sure Bard's responses meet a high bar for quality, safety and groundedness in real-world information." In the advertisement, Bard is given the prompt: "What new discoveries from the James Webb Space Telescope (JWST) can I tell my 9-year old about?" "While Google has been a leader in AI innovation over the last several years, they seemed to have fallen asleep on implementing this technology into their search product," said Gil Luria, senior software analyst at D.A. Google's live-streamed presentation on Wednesday morning did not include details about how and when it would integrate Bard into its core search function. The stock had lost 40% of its value last year but rallied 15% since the beginning of this year, excluding Wednesday's losses. Alphabet shares slid as much as 9% during regular trading with volumes nearly three times the 50-day moving average.