Many blinders were plainly ignoring chatGPTs threat to Google. But within 30 days launch of chatGPT Google launch it's AI chatbot and loss $100B because it's gave wrong answer in ad. On the side note, apple renegotiating it's $15B deal for default search engine on iphone. Microsoft is talking with apple to make bing as default search engine. Chatgpt is real threat to Google and many blinders were wrong https://www.forbes.com/sites/jonathanponciano/2023/02/08/alphabet-stock-loses-100-billion-after-new-ai-chatbot-seemingly-gives-wrong-answer-in-ad/
Yawn. 7% is a daily volatility swing in this market.
The stock market is dumb and doesn’t make any sense. Obviously ChatGPT is known for giving wrong answers and making up complete nonsense but when Bard screwed up it suddenly became a disaster for Google. Bard is very comparable to ChatGPT and I don’t think that Microsoft will be able to grab market share. But it may hurt Google to change its search model to something that generates less revenue under ChatGPT’s pressure Google stock will recover in a couple of days, a week maybe but it just shows how unrealistic the stock market is
It needs to figure that out. As Googlers always said: we don’t have a technological problem, we have a product problem. This has been true for too long. Google AI is pure magic. Just try Google lens and you’ll see something out of this world. I am not really worried about ChatGPT.
OAI and MSFT crushed Google in terms of PR, not the technology. Google is struggling not for any technical reasons.
Take what people say here with a teeny tiny grain of salt Blinders are also spreading FUD about the tech climate and YES I know there’s been a bunch of layoffs but there’s a ton of new SWE roles added on LinkedIn every day To add to that, I’m in the interview loop with 4 companies YOE: 2 TC: $125k
How have they been minimizing it? I thought Sundar issues a code red
I think the LLMs are largely over-hyped right now (too much computational costs for a marginal benefit over search for the foreseeable future), but Google needed to get in the game publicly. The bigger threat is Microsoft getting people into Bing and their ecosystem. How many people will switch to Edge just for the chance to get one of their next thousand searches serviced by ChatGPT?
Where did you read the part about the Iphone search engine?
What is Bard?
OMG 😱.$100 billion.