Google (NASDAQ:GOOGL) has revealed a new AI chatbot technology, Bard, that will compete with OpenAI’s ChatGPT.
The new AI chatbot will be powered by Language Model for Dialogue Applications and is set to be tested by a few trusted testers before launching to the public.
Bard will be Google’s immediate response to Microsoft-backed ChatGPT, with the competition for AI rapidly heating up.
One of Google’s most powerful tools is web search, so diving into AI to develop new and existing tools is necessary for the company to maintain its position as one of the industry leaders.
The company is moving cautiously with the release of Bard given that they hold significantly more reputation risk for false information than a startup.