Google shares tank 8% as AI chatbot Bard flubs answer in ad

Shares of Google’s parent company lost more than $100bn after its Bard chatbot advertisement showed inaccurate information.

Shares of Google’s parent company lost more than $100bn in market value on Wednesday after its Bard chatbot advertisement showed inaccurate information and analysts said its AI search event lacked details on how it will answer Microsoft’s ChatGPT challenge.

Reuters was the first to point out the error in Google’s advertisement, which debuted Monday, about which satellite first took pictures of a planet outside the Earth’s solar system. Shares of the company’s parent Alphabet fell 8 percent or $8.59 a share to $99.05 and was one of the most actively traded on US exchanges.