Google loses 70 billion in value by messing with its AI that falsifies history
Alphabet,Google's parent company, lost more than $70 billion in market capitalization in a single trading day due to fears that its artificial intelligence tool is programmed to be "woke," the New York Post reports .
The stock fell 4.4% to $138.75 on Monday after Google paused its Gemini AI imaging tool because it was producing historically and factually inaccurate images. Here is a graph of the value in which the decline can be clearly seen:
Racially incorrect images from the AI included a black George Washington, female NHL players, black Vikings and an Asian Nazi.
The chatbot also refused to condemn pedophilia and said there was no right or wrong answer when asked whether Adolph Hitler or Elon Musk was worse.
The disaster could stoke public concerns that Google is “an unreliable source for artificial intelligence,” Ben Reitzes, an analyst at Melius Research, wrote in a note to investors.
“We have argued that search behavior is about to change, with new features infused with AI,” Reitzes wrote. “This once-in-a-generation change in itself creates opportunities for competitors, but even more so if a significant portion of users worry about Google's hallucinations and biases.”
On the same day the stock suffered a sharp decline, Google DeepMind CEO Demis Hassabis, one of the company's top AI managers, said Gemini would be offline for a few weeks while the issue is fixed. However, the delay in the application of AI in Google is present and the reputational impact is still heavy.
The AI imaging tool “wasn't working the way we wanted,” Hassabis said at the Mobile World Congress in Barcelona.
Last week, as Gemini's anti-bias backlash went viral on X, politically charged tweets from Gemini product manager Jack Krawczyk attacking white people resurfaced .
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The article Google loses 70 billion in value by messing with its AI that falsifies history comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/google-perde-70-miliardi-di-valore-per-i-pasticci-con-la-propria-ai-che-falsifica-la-storia/ on Tue, 27 Feb 2024 21:39:13 +0000.