This article lacks any sort of reasoning or rationale to dispel the possibility that this is merely a timing fluke. Tech companies are sensitive to capital availability, even those who are publicly traded. As the fed tightens interest rates, we will see more stock dips in the short term. Additionally more layoffs across the industry were announced this week and Google, Apple, et. al. are a proxy “tech” to a huge number of people.<p>The biggest issue here is just the perpetuation of reductionist thinking on the part of many stock market blogs and thought leaders.<p>I suppose it doesn’t really matter what any human thinks about this article. I suspect it’s written to influence high-volume, automated trading systems given the other types of absolute hot garbage there is on that site.
> Bard wrote that the telescope took the very first pictures of a planet outside our solar system. In fact, the first pictures of these "exoplanets" were taken by the European Southern Observatory's Very Large Telescope, according to NASA records.<p>Sure, it's inaccurate, but it isn't worse than Google's current "featured snippets" that are so often bullshit and get meme'd.<p>Searching right now for "who took the first photograph of an exoplanet" gives back "NASA's James Webb Space Telescope", with a reference article about the first exoplanet photograph _by_ JWST instead of the first one ever.
Headline doesn't really line up with everything else going on that affects a trillion dollar company...<p>It is probably some combination of the SOTU address, continued macroeconomic headwinds, and the poor/slow reaction to ChatGPT/Microsoft partnership. The wrong answer probably has SO little to do with this.
There was also an AI event today: <a href="https://www.cnbc.com/2023/02/08/alphabet-shares-slip-following-googles-ai-event-.html" rel="nofollow">https://www.cnbc.com/2023/02/08/alphabet-shares-slip-followi...</a><p>The official video no longer available, but there's a copy at <a href="https://www.youtube.com/watch?v=npV4Kix7Td0">https://www.youtube.com/watch?v=npV4Kix7Td0</a> [1]<p>[1] <a href="https://news.ycombinator.com/item?id=34708255" rel="nofollow">https://news.ycombinator.com/item?id=34708255</a>
The current state of these "AIs" seems like the equivalent of an automated overconfident charlatan, made more convincing with a <i>ginormous</i> corpus of bullshit^Wtraining-data to draw from.
A huge advantage of search is its deniability, "just returning what is out there" or "not our fault nobody has that." These AIs are pretty exciting, but they are stepping out of that protection.
I imagine it's more likely due to the fact that the US government---both parties---has now basically declared open war on big tech, and the State of the Union was last night.<p>There are basically only two topics that can unite the parties: China and Big Tech.
Compare with Meta's "Galactica", which was a complete disaster: <a href="https://news.ycombinator.com/item?id=33611265" rel="nofollow">https://news.ycombinator.com/item?id=33611265</a>
Insert obligatory "correlation is not causation" admonishment to clickbait headline writers.<p>That aside, it's pretty shocking that Google didn't check that the answers were correct before putting them in an __ad__.
You know that feeling you get when you send an important email and you suspect something is wrong even though you checked it thrice? And you probably had that feeling amplified when that email goes to a large email group.<p>So regardless of whether there is a cause and effect here (though I've never seen such fluke with $GOOGL), the main problem here might not be the technology, but the overly confident top management who publish such an ad without double checking every detail themselves, or have someone do it. Hell, have three someones, you can afford it.<p>It's not an elusive bug that can be hard to catch, it's not even a live demo, it's the equivalent of a false statement made in an advertisement.<p>It's not the trust in the AI that this ad brakes (it was never established to begin with) but investors trust in top management that act clumsily and with enough overconfidence to click the send button.
I fail to see the value of an AI that basically just regurgitates something you could already find in a search engine, on top of just spewing out completely nonsensical garbage if it can't find something. All this AI chatbot crap just seems like a step-backward as a whole, not too different from cryptocurrencies and blockchain where it offers no tangible benefit over the status-quo, costs way more for worse performance, and is still outperformed by traditional systems.
I'm surprised it caused that much of a reaction, if that indeed was the reason (which I am not sure it is). I mean, everybody knows by now these models are prone to fibbing and would invent factoids and references out of thin air. So, Google model is as good/bad as all others, and also somebody wasn't diligent enough to fact-check their own ad (which can, I guess, be taken as a sign of organizational decline but pretty much any organization of Google's side has the same problems).
they can pat themselves on the back that they insisted on coding interviews for years, thereby losing 80% of experienced engineers who could have prevented this
Good! Hope it falls further below $97 or $95 then I will just buy some Google stock.<p>Perhaps Christopher Hohn (TCI hedge fund owner) is right and Google needs one more layoff in other areas, especially in DEI managers, etc at the company so that they can replace them with AI experts to compete against Microsoft and OpenAI. Seems like now is the time for them to put DeepMind to better use.<p>Like all the nonsense about Meta going to zero before and everyone scared to buy at $88, This is the same thing with Google with the ChatGPT hype. I would not bet against Google now.<p>You should have shorted Google last year. The move to short Google right now is already too late.
How glorious it would be if it turned out the Google AI division is incompetent. Microsoft/OpenAI catches them with their pants down, like TikTok caught facebook. These arrogant incumbents puttering around, releasing no code, deep inefficient management structures, diversity and inclusion. How glorious for the forces of capitalism to punish them for their mistakes