Alphabet shares fell more than 7% on Wednesday after Google's AI event, where the company showcased its new AI chatbot Bard.

 






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.

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