Google's New AI Chat Bot Causes £100 Billion Loss!
Google's New AI Chat Bot Causes £100 Billion Loss!According to reports by Unilad, Google's new AI chat bot, Bard, is powered by LaMDA and helps simplify complex topics by drawing information from the web. However, the service has recently caused a £100 billion loss in the company's value after providing inaccurate information to a user's question.
The chatbot was asked about the new discoveries from the James Webb Space Telescope and it responded with a list of items including the discovery of galaxies nicknamed “green peas” and the capture of images of galaxies that are over 13 billion years old. However, the last item was factually incorrect, stating that the JWST took the first images of a planet outside our solar system. In reality, the first image of an exoplanet was captured in 2004 by the European Southern Observatory’s Very Large Telescope.
Twitter users and Bruce Macintosh, the director of the University of California Observatories, pointed out the mistake, which resulted in Google's parent company Alphabet seeing a decline in their share price and losing around $100 billion off its market value. A spokesperson from Google acknowledged the mistake and stated that the company will be starting a rigorous testing process this week.
According to Reuters, the AI service claimed that the James Webb Space Telescope (JWST) was responsible for taking the first images of a planet outside the Earth's solar system, but NASA has confirmed that the honor goes to the European Southern Observatory's Very Large Telescope. The error was spotted by Twitter users, including Grant Tremblay from the Harvard–Smithsonian Center for Astrophysics and Bruce Macintosh, the director of the University of California Observatories who actually imaged an exoplanet before JWST was even launched.
Google's launch of Bard came amidst intense competition from other AI players, such as OpenAI, which recently released a software that has impressed consumers with its accurate answers to simple prompts. Meanwhile, Microsoft has already integrated its own AI-powered chatbot into its Bing search. Analysts say that Google has been struggling to keep up with the competition and the error during the Bard presentation highlights the importance of thorough testing. Despite the slip-up, Google remains committed to AI innovation and improving its search product.
Google has expressed its disappointment over the incident and has stated, "We take the accuracy of our AI chat bot very seriously and are working to ensure that such incidents do not occur in the future" as cited in Unilad. The company has also taken steps to improve the accuracy and reliability of Bard, such as implementing additional quality control measures and increasing human oversight.
The incident highlights the importance of human oversight and rigorous testing when it comes to the use of AI technology, especially in critical industries where even minor inaccuracies can have significant impacts, according to the BBC.
In conclusion, the Google AI chat bot incident serves as a reminder of the potential risks and limitations of AI technology. While AI has the potential to greatly enhance our lives and revolutionize various industries, it is important that we exercise caution and carefully consider its use.