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Google Loss 100 Billion Dollar: Internet search firm Google’s parent company Alphabet Inc. has suffered a major setback. The market value of the company’s shares (Google Share Market Value) decreased by $ 100 billion in a single stroke. Shares of Google’s parent company Alphabet fell 8 percent, or $8.59, to $99.05 on Wednesday.
According to Bloomberg’s report, earlier its shares fell by 8.9 per cent on 26 October. The market cap of Alphabet company has decreased by $ 100 billion in a day and now it is $ 1.278 trillion. Recently, after the Hindenburg Report on the group of India’s billionaire Gautam Adani, the market cap was reduced by $ 100 billion in 10 days.
100 billion dollars lost from just one mistake
Some time back Microsoft introduced a ChatGPT chatbot. It is being considered as the new technology of search engine. In such a situation, Google’s parent company has introduced chatbot Bard in response to ChatGPT. The company posted a short video on Twitter for its promotion, in which Bard gave a wrong information.
Bard chatbot gave wrong information
This new technology from Google was asked what the James Webb Space Telescope had discovered, which could be told to a nine-year-old boy. Bard shared a lot of information on this, but he also gave a wrong information. He said that for the first time a picture of a planet outside the Earth’s solar system was taken, while it was told by NASA that it was discovered with the Very Large Telescope.
Google has been under pressure ever since Microsoft Corp introduced ChatGPT, which many in the tech industry are touting as the next generation of search. On Tuesday, Microsoft Corp is investing billions on ChatGPT. On the other hand, Google has also started preparing to bring this new technology. Google says that soon its flaws will be removed and launched.
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