AI Announcement Pulls Google Stock on the NASDAQ
Shares of Google parent Alphabet fell 7.68% to $99.37 per unit on NASDAQ, after announcing the start of tests to integrate its artificial intelligence into its search engine, amid a battle with rival Microsoft.
Shares of Google parent Alphabet fell 7.68% to $99.37 per unit on NASDAQ, after announcing the start of tests to integrate its artificial intelligence into its search engine amid a battle with rival Microsoft.
In market value it lost 104.542 million dollars, showing the disapproval of investors.
At an event in Paris, the search giant showcased augmented reality features, new 3D renderings generated from its street images, and new ways to find information in photos.
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Microsoft announced that its ChatGPT conversational AI would be integrated into its Bing search engine. But Google gave no details about how its own Bard conversational AI, announced Monday, would be integrated into its engine.
In line with Microsoft CEO Satya Nadella’s comments, Prabhakar Raghavan, vice president in charge of the search engine, recognized that “we still need enormous tests” and thought that the incorporation of AI would usher in “a new age of searches.”
Additionally, Google did not say if the AI-generated answers would cite their sources while admitting that the state of the art did not ensure 100% accuracy. According to the organization it has resisted pressure from Microsoft and ChatGPT’s widespread popularity to speed up its advertisements.
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