ICYMI: The shares of Google parent Alphabet dropped $100 billion in value after Google's new conversational AI chatbot Bard answered a question incorrectly.
, some analysts are already giving Microsoft the early lead over Google. An analyst named Colin Sebastian who works for Baird said that the early PR battle for AI-based search supremacy is being won by Microsoft although he added that it is early in what will be a long race.
Another analyst weighed in by saying that the selloff in Alphabet was an overreaction. Dennis Dick, founder and market structure analyst at Triple D Trading told ,"This is a hiccup here and they’re severely punishing the stock for it, which is justified because obviously everybody is pretty excited to see what Google’s going to counter with Microsoft coming out with a pretty decent product."Gil Luria, senior software analyst at D.A. Davidson, told clients,"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.
AI chatbots do have a habit of using incorrect data to form inaccurate answers which are known as hallucinations. No, this doesn't mean that ChatGPT or Bard have been using magic mushrooms or other illicit substances. It is just the nature of the beast although in this case, it doesn't seem that Bard had a hallucination. To fight back against these inaccurate responses, AI platforms need plenty of user feedback.
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