Google’s new AI chatbot, Bard, has caused a stir in the tech world after providing incorrect answers to user inquiries during its launch event. The glitch resulted in a $102 billion loss in market value for Google on Tuesday, with the company experiencing a 7% drop in stocks.
The cause of the malfunction is unknown, but experts speculate that it could be due to a coding error, an issue with the machine learning algorithms used by the chatbot, or flawed data used to teach the chatbot.
Despite this setback, the conversational AI sector is expected to experience significant growth in the coming years. The market is estimated to be worth $6.8 billion in 2021, with a projected compound annual growth rate of over 21%. By 2026, the market value is expected to soar to over $18 billion.
During a demonstration, Bard was asked about recent findings from the James Webb Space Telescope and provided three points in response, one of which was incorrect. The chatbot swiftly provided two accurate answers but made a mistake with its final response.
The incident has sparked widespread panic among tech enthusiasts and users alike, raising questions about the reliability of AI-powered chatbots. Nonetheless, the future of conversational AI remains bright, with the potential for continued growth and development in this rapidly evolving field.
