Followers | 686 |
Posts | 142293 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
![](https://investorshub.advfn.com/uicon/35728.png?cb=1539773763)
Monday, August 14, 2023 11:55:55 PM
By: Bespoke Investment Group | August 14, 2023
The writing has been on the wall all year - Microsoft beat Google to the punch, and despite its past dominance, with the launch of ChatGPT in late 2022, Google was destined to take a backseat to Microsoft in the AI boom. The list of articles below is just a sampling of the ink and pixels that have been spent documenting the impeding collapse of Google and the rise of Microsoft in online search and business productivity tools:
"Thanks to OpenAI, Microsoft is beating Google in the artificial intelligence game" - Vox, 1/26/23
"Microsoft packs Bing search engine, Edge browser with AI in big Challenge to Google" - Reuters, 2/7/23
"Thanks to ChatGPT, Microsoft can finally beat Google" - Business Insider, 2/7/23
"'AI First' To Last: How Google Fell Behind In The AI Boom" - Forbes, 2/8/23
"Investors' query: Can Google answer Microsoft's AI threat" - AP News, 2/8/23
"How Google Ran Out of Ideas" - The Atlantic, 2/16/23
"How Google Became Cautious of AI and Gave Microsoft an Opening" - Wall Street Journal, 3/7/23
"Google Devising Radical Search Changes to Beat Back A.I. Rivals" - New York Times, 4/16/23
"Google Lost $57 Billion in One Day, Because Microsoft is Leading the AI Race" - Robb Report, 4/18/23
"Microsoft 'holding a lot of the cards' in AI-powered search war with Google" - Yahoo Finance, 4/26/23
For much of the first half of 2023, shares of Microsoft (MSFT) outperformed the overall market and Google parent Alphabet (GOOGL) based on the sentiment of the articles above and ones like them. Back in early February, when Alphabet rushed its AI answer to Microsoft's Bing powered by ChatGPT, the company lost more than $100 billion in market value in a single day after Bard gave a factually incorrect answer during its introduction to the world. It looked like a major PR disaster for Alphabet management, but Bard's error shed light on a a key aspect of AI chat bots in general, namely that they all have a tendency to give wrong answers. Even when it comes to queries involving seemingly straightforward arithmetic, ChatGPT often gets the answer wrong.
Just as ChatGPT increasingly gives wrong information, the obituaries for Google also turned out to be wrong, as last week, shares of GOOGL surpassed MSFT in terms of performance since the launch of ChatGPT. Through late morning on Monday (8/14), GOOGL was up just under 30% (29.6%) compared to MSFT's gain of 26.4%. Maybe it's just a coincidence, but we found it interesting that the most recent peak in MSFT's stock came within days of the headline below.
"ChatGPT users fall for first time, spurring questions about AI boom" - Washington Post, 7/7/23
![](http://media.bespokepremium.com/uploads/2023/08/081423-MSFT-GOOGL.png)
Read Full Story »»»
![](http://studentaid.gov/universal-navigation/assets/us_flag_small.png)
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent GOOG News
- MongoDB and Google Cloud Collaborate to Optimize Gemini Code Assist for Developers Building Applications on MongoDB • PR Newswire (US) • 05/02/2024 10:00:00 AM
- Google Terminates Employees Over Protests Against Israeli Government Contract • IH Market News • 04/18/2024 12:20:50 PM
- Apple in Talks with Google to Integrate Gemini AI into iPhone, Shaping a New Era in Tech Collaboration • IH Market News • 03/19/2024 10:39:54 AM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback • IH Market News • 02/27/2024 02:14:46 PM
- FTC to Inquire to Microsoft's, Google's, Amazon's AI Partnerships • Dow Jones News • 01/25/2024 06:12:00 PM
- Lüm Mobile Taps Alepo's TelcoBot.ai for Generative AI Customer Service • PR Newswire (US) • 01/25/2024 04:00:00 PM
- Alphabet on Track for Record High Close -- Data Talk • Dow Jones News • 01/25/2024 03:45:00 PM
- Google to Settle Chip Patent Lawsuit With Singular Computing • Dow Jones News • 01/24/2024 07:15:00 PM
- Alphabet Division X Cutting Dozens of Staff, Bloomberg Reports • Dow Jones News • 01/22/2024 04:32:00 PM
- Alphabet on Track for Highest Close Since February 2022 -- Data Talk • Dow Jones News • 01/22/2024 03:36:00 PM
- AST SpaceMobile Gets Investments From AT&T, Google • Dow Jones News • 01/18/2024 10:00:00 PM
- Google to Invest $1 Billion to Build UK Data Center • Dow Jones News • 01/18/2024 06:51:00 PM
- Applied Materials, Google to Collaborate on AR Technology • Dow Jones News • 01/09/2024 01:12:00 PM
- Alphabet on Track for Highest Close Since April 2022 -- Data Talk • Dow Jones News • 12/20/2023 03:49:00 PM
- Trending: Alphabet to Pay $700 Million in Google Play Settlement • Dow Jones News • 12/19/2023 08:13:00 PM
- Trending: Epic Games Wins Antitrust Lawsuit Against Google • Dow Jones News • 12/12/2023 03:50:00 PM
- Alphabet on Pace for Largest Percent Increase Since July -- Data Talk • Dow Jones News • 12/07/2023 03:22:00 PM
- Google, Canada Reach Deal Over Planned Online News Law • Dow Jones News • 11/29/2023 08:05:00 PM
- Google, Canadian Government Reach Deal on Online News Act, CBC Reports • Dow Jones News • 11/29/2023 05:23:00 PM
- VMware and Google Cloud announce planned PostgreSQL-compatible Database Solution for traditional and generative AI applications on VMware Cloud Foundation • Business Wire • 11/07/2023 08:05:00 AM
- Match Group, Google Reach Binding Term Sheet in Legal Battle • Dow Jones News • 10/31/2023 09:29:00 PM
- Alphabet Ends Down 9.5%, Sees Largest Percent Decrease Since March 2020 -- Data Talk Update • Dow Jones News • 10/25/2023 08:59:00 PM
- Alphabet Down Over 8%, on Pace for Largest Percent Decrease in Almost a Year -- Data Talk • Dow Jones News • 10/25/2023 02:48:00 PM
- Stocks to Watch: Microsoft, Alphabet, Stride • Dow Jones News • 10/25/2023 12:16:00 AM
FEATURED POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM