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Google’s stock dips on demonstration of its AI chatbot, Bard

Jon Swartz
·1 min read
Google’s stock dips on demonstration of its AI chatbot, Bard

Shares of Google parent Alphabet Inc. dropped more than 8% Wednesday following the official demonstration of Google’s new AI chatbot, Bard, just one day after Microsoft Corp. held its own event to demonstrate new AI technologies in its competing search engine, Bing. Evercore ISI analyst Mark Mahaney bluntly deemed Google’s event, which focused on new AI-powered services across key consumer products such as search and maps, “Ai Ripple, Not Yet Ai Splash” in a note Wednesday. Bard is Google’s answer to Microsoft’s (MSFT) ChatGPT, which got a major event on Tuesday.

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