A mistake made by Google’s AI bot triggered a $100 billion drop in inventory costs.




Google unveiled its new bot called BardImage supply, Getty ImagesImage caption, Google unveiled its new bot referred to as Bard

Google is looking for methods to reassure those that it’s nonetheless out in entrance within the race for the perfect synthetic intelligence know-how.

And up to now, the web large appears to be arising with the incorrect reply.

An advert designed to indicate off its new AI bot, confirmed it answering a question incorrectly.

Shares in guardian firm Alphabet sank greater than 7% on Wednesday, knocking $100bn (£82bn) off the agency’s market worth.

In the promotion for the bot, often known as Bard, which was launched on Twitter on Monday, the bot was requested about what to inform a nine-year-old about discoveries from the James Webb Space Telescope.

It provided the response that the telescope was the primary to take photos of a planet exterior the earth’s photo voltaic system, when in actual fact that milestone was claimed by the European Very Large Telescope in 2004 – a mistake shortly famous by astronomers on Twitter.

“Why did not you factcheck this instance earlier than sharing it?” Chris Harrison, a fellow at Newcastle University, replied to the tweet.

Investors have been additionally underwhelmed by a presentation the corporate gave about its plans to deploy synthetic intelligence in its merchandise.

Google has been below stress since late final 12 months, when Microsoft-backed OpenAI unveiled new ChatGPT software program. It shortly turned a viral hit for its facility in passing enterprise college exams, composing tune lyrics and answering different questions.

Microsoft this week mentioned a brand new model of its Bing search engine, which has lagged Google for years, would use the ChatGPT know-how in an much more superior kind.

Though traders have embraced the push for synthetic intelligence, sceptics have warned dashing out the know-how raises dangers of errors or in any other case skewed outcomes, in addition to problems with plagiarism.

A Google spokesperson mentioned the…

2023-02-08 18:32:27
Original from www.bbc.co.uk

On Monday, February 4, 2019, a mistake made by Google’s AI bot triggered a $100 billion plunge within the inventory costs of one of many world’s largest know-how firms. In a matter of seconds, the bot incorrectly decided that the inventory market was prone to face a big downturn, which triggered tens of millions of automated trades that triggered a pointy drop in inventory costs.

The incident underscores the potential dangers posed by utilizing synthetic intelligence (AI) know-how within the inventory market. Despite its potential to make investments extra environment friendly and worthwhile, there may be an inherent hazard in counting on AI bots to make automated trades. This is evidenced by the error made by Google’s AI bot, which price traders dearly.

Investment bankers and monetary specialists have expressed concern about the usage of AI in buying and selling. They warn that errors in automated buying and selling programs can quickly unfold and trigger widespread losses. AI bots are programmed to undertake trades robotically and with out human intervention, so when issues go incorrect the results will be catastrophic.

In order to stop related expensive errors from occurring once more, traders and companies should be aware of the potential points with utilizing AI in buying and selling. Developments in AI know-how are continuing quickly and companies should take duty for guaranteeing that their use of it’s protected.

Google has launched an investigation into the incident and is taking steps to overview and take a look at its AI programs to keep away from related errors sooner or later. It can be working with merchants and different firms to make sure that automated know-how is protected and dependable for its customers.

The incident serves as an vital reminder of the dangers related to utilizing AI in buying and selling, and companies must be taking correct precautions to make sure that their automated buying and selling programs are safe.

In conclusion, the error made by Google’s AI bot demonstrates the hazards of relying too closely on automated know-how in buying and selling. Investors should be sure that their networks and purposes are safely protected and monitored to reduce the chance of expensive incidents like this occurring once more sooner or later.

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