In an effort to compete with OpenAI’s widely popular chatbot, Alphabet’s (NASDAQ: GOOGL) Google is unveiling its own AI-powered product to select users.
Google, feeling a sense of urgency to grab a piece of the growing popularity of artificial intelligence, announced it’s rolling out its own version of ChatGPT, dubbed “Bard” to “trusted testers” on Monday, with plans to make the chatbot available to the general public in the coming weeks. The move follows Microsoft’s (NASDAQ: MSFT) influential investment into OpenAI, as well as the recent unveiling of ChatGPT-powered Teams Premium, Microsoft’s own incorporation of artificial intelligence into its design app Microsoft Design.
In a blog post published by Google’s parent company Alphabet CEO Sundar Pichai, the chatbot is powered by a large language AI model called LaMDA, and will create output based on up-to-date data. “Bard seeks to combine the breadth of the world’s knowledge with the power, intelligence and creativity of our large language models,” he said. “It draws on information from the web to provide fresh, high-quality responses.”
Alphabet also disclosed that its entire suite of AI-based technologies— including LaMDA, PaLM, image generator Imagen, and music creator MusicLM— is going to be integrated into the Google search engine. Pichai said Google’s AI capabilities will now be able to provide “easy-to-digest” responses to complex questions, rather than just releasing links to single websites. The new technology behind AI system LaMDA will also become available to businesses, website developers, and creators, under the guise that Google’s AI technology be incorporated into apps.
In the meantime, rival Microsoft is slated to make a major announcement on Tuesday, where it’s expected to officially unveil the ChatGPT integration into its search engine Bing. One viewer claimed they have seen a preview of ChatGPT’s debut in Bing, where they were able to ask questions of up to 1,000 characters, receiving a summarized response derived from current information affixed with references for further verification.
Information for this briefing was found via Google and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
