Alphabet Inc (NASDAQ:GOOG) shares kept falling on Thursday after the company’s $100 billion AI mistake.
Just days after Google announced it would be releasing its own chatbot Bard AI, the company today unveiled a slew of new AI-powered features for its Search, Maps, and Lens apps during a live-streamed event promoting its AI bot.
An advertisement shared online by Google demonstrating how Bard works, however, showed the chatbot return a factually incorrect response.
READ: Google loses $100B as AI chatbot disappoints investors
Even after dropping almost 8% on Wednesday, crashing its valuation by about $100 billion, Alphabet shares were down another 5% on Thursday following the public embarrassment.
There are worries amongst Wall Street that Google is not keeping up with Microsoft’s ChatGPT on the AI race, said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
Meanwhile, Microsoft was upbeat on the news, and its valuation shortly surpassed the $2 trillion mark, but Google’s AI disaster didn’t help Microsoft to fully reverse the selling pressure.
“The stock still closed the session a couple of points lower, but with the comfort that Google is certainly not closely behind its buzzy ChatGPT!” Ozkardeskaya said.
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