Part 3/9:
The downturn became particularly pronounced with the public introduction of Bard in early 2023. Intended to challenge ChatGPT, Bard's initial performance was embarrassing; it produced an incorrect claim about the James Webb Telescope during a high-profile launch event, resulting in a swift decline in Alphabet's stock value by 7.7%. This marked a telling moment, revealing that Google's attempts to regain its innovation crown may have been hasty and underprepared.