Reuters exclusively reported Alphabet’s Google AI chatbot, Bard, shared inaccurate information in an ad for its AI chatbot. The story, which published during Alphabet’s presentation on new search features enhanced by artificial intelligence, drove Alphabet shares down nearly 9% and knocked $100 billion in market value from the company. The story was widely cited as a reason why the ill-timed error led to a sell-off. Shares of Microsoft, which announced plans to incorporate ChatGPT-style technology into its upcoming search engine and web browser the day before, jumped as much as 3%.
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