Posted 3/15/2024, 2:50:00 PM
Investors Concerned by Google's AI Struggles
- Former Google executive says investors are "deeply frustrated and angry" that AI controversies like Gemini could hurt Google's search monopoly and profits
- Investors worried blunders with AI indicate Google may not be able to compete effectively in the future
- Google's parent company Alphabet lost over $70 billion in value after backlash over inaccurate images generated by Gemini AI
- Google CEO apologized and said images were "biased" and "completely unacceptable"
- Google launched Gemini update to give users more control over AI-generated content after inaccuracies