Money

Alphabet shares tumble as AI chatbot, Bard, flops

Published

1 year ago

February 9, 2023

ticker NEWS

Google’s parent company has failed to deliver a successful ChatGPT competitor

Alphabet shares have tumbled after the company’s new chatbot, Bard, shared false information in its own promotional video and execs failed to wow analysts during an online event.

The flop has investors concerned the Google parent company is losing ground to rival, Microsoft and its service ChatGPT.

Launched in November, Microsoft has invested $10 billion in the software, which was developed by OpenAI.

Its surprisingly accurate and well-written answers have so-far wowed consumers.

Meanwhile, Google’s live-streamed presentation failed to include details about how and when it will integrate Bard into its core search function.

Just a day earlier, Microsoft announced it had already released a version of the Bing search engine with ChatGPT functions integrated.

Alphabet shares slid 9 per cent during regular trading. #trending #featured

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.