Alphabet loses $100 billion in market value as new chatbot shares lack productivity

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Alphabet loses $100 billion in market value as new chatbot shares lack productivity

Alphabet lost $100 billion 13.16 trillion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event didn't dazzle, which has caused worries that the company's parent is losing ground to rival Microsoft.

After hours of trading, Alphabet shares, which slid as much as 9%, were flat. Microsoft's shares rose by around 3% before paring gains. They were also flat when it came to post-market trading.

An error was pointed out in Google's ad for chatbot Bard, which debuted on Monday, about which satellite first took pictures of a planet outside the solar system.

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