Google to launch ChatGPT competitor 'Bard': Sundar Pichai
New York, Feb 7: Google CEO Sundar Pichai has announced that the tech giant will soon launch an Artificial Intelligence (AI) powered chatbot called Bard', aimed at countering the popularity of the ChatGPT tool backed by Microsoft.
According to a blog post by Pichai, the conversational AI service will be assessed by a group of "trusted testers" before being rolled out to the public in the coming weeks.
"Bard can be an outlet for creativity, and a launchpad for curiosity," Pichai, the Indian-origin CEO of Google and parent company Alphabet, said on Monday, adding that Google's chatbot will be able to explain complex subjects like new discoveries from NASA's James Webb Space Telescope to a nine-year-old.
Google's announcement follows wide speculation that Microsoft is about to bring the AI chatbot ChatGPT to its search engine Bing, following a multi-billion dollar investment in the firm behind it, OpenAI, the BBC reported.
ChatGPT (Chat Generative Pre-trained Transformer), which was launched in November 2022, is capable of generating speeches, songs, marketing copy, news articles and student essays or human-like text based on the input it is given.
Bard, built on Google's existing large language model LaMDA, "seeks to combine the breadth of the world's knowledge with the power, intelligence, and creativity of our large language models", Pichai, 50, said in the blog.
AI chatbots are designed to answer questions and find information.
"Bard seeks to combine the breadth of the world's knowledge with the power, intelligence, and creativity of our large language models," Pichai said in the blog post.
Pichai said he wanted Google's AI services to be "bold with innovation and responsible in our approach". However, he did not elaborate on how Bard would be prevented from sharing harmful or abusive content.
He said that Google will initially release Bard with a "lightweight model" version of LaMDA which will require less computing power and enable the tech giant to scale to more users, allowing for more feedback.
"We're excited for this phase of testing," Pichai said, adding that Google will combine external feedback with internal testing to make sure Bard's responses meet a high bar for quality, safety and groundedness in real-world information.
"It's critical that we bring experiences rooted in these models to the world in a bold and responsible way. That's why we're committed to developing AI responsibly," he wrote in the blog.
Pichai also said on Monday that AI-powered tools will soon begin rolling out on Google's flagship Search tool.
"Soon, you'll see AI-powered features in Search that distil complex information and multiple perspectives into easy-to-digest formats, so you can quickly understand the big picture and learn more from the web," Pichai wrote, "whether that's seeking out additional perspectives, like blogs from people who play both piano and guitar, or going deeper on a related topic, like steps to get started as a beginner."
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Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
Mumbai (PTI): The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee.
Rupee has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts.
Forex traders said global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries.
At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previous close.
The USD/INR pair finally settled at 95.86 (provisional) against the US dollar, registering a fall of 22 paise from its previous close, helped by likely RBI intervention.
On Thursday, the rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent.
Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade.
On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50.
Foreign Institutional Investors turned net buyers, purchasing equities worth Rs 187.46 crore on Thursday, according to exchange data.
Meanwhile, the country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday.
Imports grew 10 per cent year-on-year to USD 71.94 billion in April. The trade deficit during the month stood at USD 28.38 billion.
"We expect the rupee to trade with a negative bias on elevated crude oil prices and inflation concerns. Strong dollar and FII outflows may also weigh on the rupee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," said Anuj Choudhary, Research analyst at Mirae Asset ShareKhan.
Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a high note, but no deals on any contentious issues were announced.
Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside.
