. Discover how Alphabet Inc., the holding company behind Google and other large technology companies, is competing with OpenAI's ChatGPT and other rivals as they vie for the search engine market share. Learn why Alphabet's stocks have dipped in recent weeks and the potential risks the company faces due to competitors. Analysts have expressed serious concerns, but Alphabet Inc. still has the upper hand due to its low PE ratio and 10-year price average.
Google, the multinational tech giant, just unveiled Bard – a powerful AI chatbot that can help software developers solve coding problems, such as debugging, writing functions and generating code in multiple programming languages. Jumping in response to user requests, Bard can now also guide users in understanding code snippets, automate processes, and translate code between languages. You can count on Bard – with its comprehensive technology and excellent accuracy – to get the job done.
This article reflects upon the growing use of OpenAI's ChatGPT and how it has caused Alphabet Inc's stock shares to increase by 20% this year. It also looks at the fall in stock performance due to increased competition from Microsoft's Bing search engine. Statista data also shows Google's worldwide market share in internet search is well ahead of its competitors. Find out more about Alphabet Inc's struggles and successes as they battle for increasing market share.
Alphabet's AI divisions, Google Brain and DeepMind, are joining forces to create a single AI entity. Led by the DeepMind CEO Demis Hassabis, the team aims to innovate in the rapidly advancing AI landscape, focusing on "bold and responsible" advancements. With projects such as the OpenAI engines, and the new "multimodal" AI similar to OpenAI's GPT-4, Alphabet is determined to stay at the forefront of the AI market.
. Google's new AI chatbot, Bard, was meant to make complex topics simpler, but has instead prompted a $100 billion drop in market value due to an inaccuracy in their promotional video. They have faced criticism for their lack of information in Google searches, and their reluctance to prioritize AI ethics. With 80,000 employees providing negative feedback upon testing, Google released it with clear notifications. Competitors like Microsoft and OpenAI's ChatGPT have raised concerns, and Google's former AI ethicality leader has expressed her frustration. With clearer focus on AI ethics and transparency, Google can compete with the best.
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