Google’s response to ChatGPT has got off to an embarrassing start after its new artificial intelligence-powered chatbot gave a wrong answer in a promotional video, as investors wiped more than $100bn (£82bn) off the value of the search engine’s parent company, Alphabet.
The sell-off on Wednesday came amid investor fears that Microsoft, which is deploying an ChatGPT-powered version of its Bing search engine, will damage Google’s business. Alphabet stock slid by 9% during regular trading in the US but was flat after hours.