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Fortune
Fortune
Tristan Bove

Google shares tank after ChatGPT rival Bard’s mistake

Google and Alphabet CEO Sundar Pichai (Credit: Mateusz Wlodarczyk—NurPhoto/Getty Images)

The artificial intelligence wars are heating up, with tech companies large and small racing to outdo one another and get their A.I.-powered product to market. But the mistakes by the nascent technology are starting to pile up, and Google’s up-and-coming A.I.-powered chatbot has already cost the company $100 billion in market value.

OpenAI has a head start in the fight with its ChatGPT chatbot launched in November that uses A.I. to generate humanlike text. ChatGPT’s wide range of uses, status as the fastest-growing consumer app in history, and potential to disrupt internet searches has pushed rivals to throw out the slow and cautious strategy that has dominated A.I. research for years.

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