Generative AI is pushing boundaries, as evidenced by Google’s recent mishap in which an AI error resulted in a staggering $100 billion loss. This serves as a reminder that even the most advanced technology can falter, and as we witness the dawn of a new era in AI, it raises the question: when was the last time a human made a mistake of this magnitude?
This happened during a demo of Google’s answer to ChatGPT-powered Bing, and it showed how dangerous it could be to rely too much on AI.
In a recent ad for Bard, Google’s AI chatbot, the system said that it used the James Webb Space Telescope to take “the very first image of a planet outside our solar system.” This caused a lot of controversy.
This was not true, though, because the goal had been reached 17 years before the JWST was launched. The error calls into question the reliability of AI systems, even those created by one of the largest tech companies in the world.
The mistake made by Google’s AI chatbot, Bard, resulted in a significant drop in Alphabet’s stock, with shares declining by 8% in just one day. In order to lessen the damage, the company focused on the rigorous testing process for Bard that was going to start this week.
But this news was met with doubt, especially since it happened right after Microsoft showed off a new version of Bing. The rapid decline in Alphabet’s shares is the largest the company has seen in over three months.