Investors are wary of the company's recent AI missteps.
what happened
Investors weren't too upset by Alphabet's (GOOG -4.54%) (GOOGL -4.39%) revelation about his OpenAI's ChatGPT competitor Bard artificial intelligence (AI) technology. stock he bought two days in a row.
Starting with 2:
As of 40:00 pm ET, the company's stock price was down more than 7% yesterday and another 5.4% today, further reducing its market capitalization by $60 billion.
As a result, Alphabet sponsored an AI event on Wednesday to showcase Bard AI technology, the conversation search engine it plans to use to challenge ChatGPT.
However, this chatbot misleads users by claiming in Bard's demo that the James He Webb telescope created the first image of an exoplanet. A telescope operated by the European Southern Observatory provided the first image of an exoplanet in 2004, according to NASA.
Alphabet experienced two setbacks due to Bard's inept handling. First of all, it turns out that the company still has work to do to perfect his AI. Second, some see ChatGPT's AI as a challenge to Alphabet's online search dominance. Bard's wrong answer highlights the fact that Alphabet still doesn't understand the relationship between conversational AI and search.
the motley fool is back
What investors consider him the winner of the AI war at the moment has to do with Alphabet's stock price decline over the past two days. Microsoft hosted its own AI event earlier this week, showing how OpenAI's ChatGPT will integrate with the Edge web browser and Bing search tool, boosting the company's stock yesterday. Just two months after its launch, ChatGPT has surpassed his 100 million monthly active users and is hugely popular among internet users.
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Microsoft, an early investor in OpenAI, is increasing his $10 billion investment in the company to integrate ChatGPT into its products and services. Microsoft has announced that its new products, Bing and Edge, will soon be available to millions of users, and are opening both to the public in preview form.
Investors won't know who's winning in the AI race between Microsoft and Alphabet for a while, but his two days are enough to convince investors that Alphabet is on the right track. , it became clear that there is still a long way to go. . Should you invest $1,000 in Alphabet today?
You need to hear this before thinking about the alphabet.
Alphabet was not included in the Motley Fool Stock Advisor analytics team's 10 Best Buys Now list.
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