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Alphabet shares tumble as AI chatbot, Bard, flops

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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

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Falling in love with stocks with Nick Quinn

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On this week’s episode of Talk Ya Book, Chris Judd is joined by Spatium Capital’s Nick Quinn to discuss the why investors fall in love with stocks, when to sell and why three of his choices are performing strongly.

Proudly presented by Honan.

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Bank battering sees mess start to clean up

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What will the future of the banking sector look like?

 
The once-mighty banking sector has taken a battering over the past month.

From two U.S. banks closing down, to one in Switzerland merging with its biggest rival, the sector has sent shockwaves throughout financial markets around the world.

And another European Bank could be following suit.

But, what will the future of the industry start to look like, once the mess has been cleaned up?

Founder and CEO of Umee, Brent Xu, joined us to discuss.

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Disney to axe 7,000 jobs

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The Mouse House will deliver two rounds of layoffs

Disney has announced it will begin to axe 7,000 jobs, as it seeks to control costs and create a more “streamlined” business.

Several major divisions of the company, including Disney Entertainment, Disney Parks, Experiences and Products, and corporate, will be impacted.

Disney will begin notifying the first group of employees who are impacted by the workforce reductions over the next few days.

A second, larger round of job cuts will happen in April, with several thousand more staff reductions.

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