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Financial Times
Financial Times
Business
Madhumita Murgia

Google shares fall sharply after AI chatbot debut stumbles

Shares of Google parent Alphabet were down more than 8 per cent on Wednesday, wiping billions of dollars off its market value, following an error in an artificial intelligence demonstration that drew widespread attention the same day it held an event to announce the integration of the technology into its search and mapping tools.

Earlier this week, Google said it would launch its own chatbot named Bard in an attempt to make up ground lost to rival ChatGPT. However, experts pointed out that Bard had made a factual error in the first video demo of the product online.

An animation shared by Google showed Bard answering a question about new discoveries made through the James Webb Space Telescope, saying it “took the very first pictures of a planet outside of our own solar system”.

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