News JVTech Google loses big by missing the official announcement of its own ChatGPT
Share :
Mistakes often pay cash, and that, Alphabet has just discovered at his expense. Google’s parent company completely missed the presentation of its AI, a direct competitor to ChatGPT.
Google failed to convince with its presentation
There are many failures in a lifetime; and Alphabet, the parent company of Google, has just experienced one that it would probably have done without. The firm has just lost more than 7% on the New York Stock Exchange in the space of a day.. The guilty : his artificial intelligence Bard. Indeed, Bard’s presentation that was held this week was too ambiguous and timid. The teams gave few details about their conversational chatbot, which will appear with very limited functionality and which, moreover, will likely take weeks to be available to everyone.
The problems had started upstream of the presentation and in particular on the presentation video published on Twitter. In effect, Reuters explains that in this same video, that Bard made a mistake, in particular when asked: “What new discoveries from the James Webb Space Telescope (JWST) can I tell my nine-year-old son about? » Of the 3 answers, the AI states that JWST was the first to take pictures of a planet outside the solar system, while the giant European telescope had actually already done so, in 2004. For a video presentation, it’s not the top of the top!
Google and Brad: a first failure that leaves traces
The problem with all this is that Google is starting to fall behind, especially vis-à-vis Microsoft.. The Redmond firm is much more aggressive and courageous (to a certain extent) than its counterpart, since it has already added ChatGPT to Bing and even work on a promising new version of Microsoft Edge. Certainly, there is still a little time for the massive deployment, but everything suggests that its appearance will take place well before that of Google.
Google’s indecisiveness and the mistake made in the tweet, incidentally, were the trigger for Alphabet’s stock market notoriety. As we explained above, the company’s shares lost almost 9% of their value in just a few hours. Another problem, the revolution brought by ChatGPT in areas such as search is enormous, and Microsoft’s quick approach even has some wondering if the company will be able to turn the new Bing into a real competitor to Google’s search engine..
As noted by Colin Sebastianan analyst at Bairn, “Google has a lot more to lose than gain by rushing to launch generative AI. » For Microsoft, taking risks isn’t too much of a problem, as the company barely has a market share in the search segment. On the other hand, Google prefers to control the impact of a tool launched prematurely and see, once things are clarified, which of the two companies was right or if there is a clear winner between them…
