September 21, 2024

Gautam Adani took 10 days… This American company lost $ 100 billion in a single day due to ChatGPT


New Delhi: Alphabet Inc., the parent company of Internet search firm Google, has suffered a setback of $100 billion in a single day. Google’s new chatbot gave wrong information in a promotional video and the company’s whole plan got ruined. Analysts said the company failed to explain how its chatbot would compete with rival company Microsoft Corp’s chatbot. This created panic among the investors. Alphabet’s shares fell by nine percent and in one stroke its market cap was reduced by $ 100 billion. The company’s market cap now stands at $1.278 trillion. Recently, due to a report by Hindenburg Research, a US shot selling company, there was a huge fall in the shares of Adani Group companies. The group’s market cap was reduced by $ 100 billion in ten days. But Alphabet lost $100 billion in one day due to a mistake in its chatbot.

In response to Microsoft’s popular chatbot ChatGPT, Alphabet has launched its own chatbot Bard. The company posted a short GIF video of the same on Twitter. But it gave wrong information. This led to its launch event to be held in Paris. Google’s chatbot was asked what the James Webb Space Telescope discovered that I could tell my nine-year-old. Bard gave a variety of answers to this. There was also an answer in this that through this for the first time a picture of a planet outside the Earth’s solar system was taken. However there was misinformation. This work was first done by the European Southern Observatory’s Very Large Telescope in 2004. The US space agency NASA has confirmed this.

Adani Wilmar Q3 Results: The company’s profit increased in double digits, then the stock made a big jump, the investors of Adani Wilmar got silver

Bard vs ChatGPT

A startup company OpenAI launched ChatGPT in November. Microsoft has invested $10 billion in this. Since then there has been pressure on Google as well. The company posted an ad for its chatbot on Monday. It has been viewed more than 1 million times on Twitter. Alphabet’s performance in the fourth quarter has been disappointing. There has been a significant decline in the company’s ad earnings. It is believed that it has lagged behind Microsoft in the matter of chatbot. Because of this, the shares of the company declined on Wednesday. Alphabet is still the fourth most valuable company in the world. Apple is first in this list, Microsoft is second and Saudi Aramco is third. Mukesh Ambani’s company Reliance Industries is at number 48 in this list with a market cap of $ 195.85 billion.



Blog Source

Click here to Open Free Demat Account