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The Street
The Street
Business
Tony Owusu

Shark Tank's Kevin O'Leary Reveals His Investment Strategy for Google, Microsoft

Kevin O'Leary is a big believer in ChatGPT, and there's nothing anyone can say to change his mind. 

O'Leary went on Fox Business this week to discuss a report that the next-generation AI-powered chat bot failed to keep up in a conversation with a New York Times reporter. 

DON'T MISS: Microsoft Bets Big on AI With Revamped Bing, Edge

The "hysteria" -- some would call the response reasonable questioning -- is unwarranted, according to O'Leary. 

O'Leary is such a believer in ChatGPT that he "trimmed back" the amount of money he has invested in Alphabet (GOOGL), and bought into the latest funding round for OpenAI even at a valuation of about $29 billion.

He dubbed the technology as a potential "Google Killer."

He says Google missing the boat on AI is akin to Microsoft missing out on the internet when it was on top of the software industry. 

The Other Side of the Coin

A little more than a week after the Microsoft (MSFT) press event that introduced Bing powered by ChatGPT, the new search engine started exhibiting some conduct that concerned some users.

Some high-profile people are even calling for an end to its public testing phase, which is available to a limited number of users.

"Microsoft needs to shut down its implementation of ChatGPT in Bing. The system is behaving psychotically and telling users lies," tweeted social media personality and journalist Ian Miles Cheong on Feb. 16.

"Agreed!" wrote Twitter CEO Elon Musk. "It is clearly not safe yet."

Posts on Twitter showed several examples of some erroneous and bizarre behavior with Bing's new technology. Below are just a few examples -- the Bing subreddit has more. 

So this is what a $29 billion AI chat bot gets you.

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