Alphabet shares fell more than 7% on Wednesday after Google's AI event, where the company showcased its new AI chatbot Bard.
CEO Sundar Pichai announced Bard on Monday in a blog post, noting that Google will open up the technology to trusted testers initially before a broader rollout to the public.
- Google's AI event was livestreamed from Paris, and the executives discussed some of Bard's capabilities.
- Bard is powered by the company's language model LaMDA or Language Model for Dialogue Applications.
- Google also showed AI improvements to its other products, including Maps and Google Lens.
- Google's event occurred a day after Microsoft held its own AI event at its headquarters in Redmond, Washington.
- Microsoft showcased new AI-powered updates to its Bing search engine and Edge browser.