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Google erased more than $100B in shareholder value with a single botched demo. I imagine events like this will only further increase their risk aversion.
by williadc 4y ago
Google erased more than $100B in shareholder value with a single botched demo. I imagine events like this will only further increase their risk aversion.
- ggm 4y agoI have sympathy to both sides of this problem because the truth is, ALL the GPT do this, and what google botched was the message. I don't understand why it wasn't a similar share price plummet in Bing, OpenAI when the lies sold as truth surfaced there. In part, and I know this is 'blame the victim' I think shareholders truly are dumb, if they thought it was AGI and some god given uplift to the cloud-mind: it was never going to do what they wanted, and rather than 'Google erased' I'd say google communications/marketing erased: they really didn't prepare this package for release well. Too much infeasible community expectations on something which was incapable of doing what they wanted. No matter what the $100b is gone. I'd say the buyers at the bottom picked up a bargain btw.
- logicchains 4y ago> I don't understand why it wasn't a similar share price plummet in Bing, OpenAI when the lies sold as truth surfaced there. Maybe most consumers ultimately core more about the improved search capacity of Bing than that it might say weird or offensive stuff in some prompt-engineered worse cases. Plus it doesn't need to be 100% accurate, just no less accurate than the average person's SEO-laden Google search results.
- kryptiskt 4y ago> I don't understand why it wasn't a similar share price plummet in Bing, OpenAI when the lies sold as truth surfaced there. Because Bing isn't a material profit generator for Microsoft right now, AI search is a lottery ticket for Microsoft while Google is playing defense for their main revenue stream.