Google: Ignore The Noise, Its AI Is 3X Larger Than ChatGPT

Google (NASDAQ:GOOGL) or Alphabet has recently been in the headlines after the company was left playing catch up after Open AI's ChatGPT, went viral. Google called a "code red" and hastily showcased its PaLM AI system. This was meant to silence concerns that Google was "left behind". However, after the model made a mistake in answering a question...the company was left red faced. Its share price plummeted by over 7% in a day or wiping ~$100 billion from its market capitalisation. However, before you go and sell Google stock and join the rest of the herd, let's get some facts. Firstly, Google has been working on AI for decades and created the "Transformer AI" architecture (which ChatGPT is built on!). Secondly, the "mistake" its PaLM model made was extremely minor and blown out of proportional by the mainstream press. Finally, Google's PaLM model is ~3 times larger than Open AI's GPT-3 by parameter number. In this post I'm going to break down the known facts regarding the AI models (from scientific papers), before diving into the intrinsic valuation of Google stock.

 

Read Here : https://seekingalpha.com/article/4578575-google-ignore-noise-ai-3x-larger-than-chatgpt