It looks like the AI wars are heating up big time, with all the tech companies trying to outdo each other and get their AI product to the market. But it’s not all sunshine and rainbows. Google’s new AI chatbot has caused some major issues and lost the company a whopping $100 billion in market value.

OpenAI remains at the forefront of the AI race with the launch of ChatGPT, an AI-powered chatbot that can generate text resembling human speech. Its versatility, unparalleled growth rate as the fastest-growing consumer app of all time, and potential to shake up internet searches have pushed competitors to ditch their traditionally slow and cautious approach to AI research.

Big players like Microsoft, Google, and Baidu are all making moves in the AI world. Google has their own AI chatbot, Bard, powered by LaMDA. It’s pretty similar to the technology behind ChatGPT. Bard is set to be released to the public in the coming weeks.

In a recent blog post, Alphabet CEO Sundar Pichai highlighted Bard’s capabilities with a promotional video, showcasing its ability to assist with a variety of tasks, from providing recipe ideas to answering technical questions. However, the public debut of Bard was marred by inaccuracies in its responses, including an incorrect answer to a query about the James Webb Space Telescope.

The mistake caused Google’s shares to fall 8% in midday trading, resulting in a decrease in the company’s market capitalization from $1.35 trillion to $1.27 trillion. The error was discovered just before Google’s event in Paris, where they were set to showcase more of Bard’s capabilities.