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Introducing Bard, Google’s Response To ChatGPT

The search giant’s new chatbot is still being tested, but is set to launch in the coming weeks with an API available for developers to build into their own creations.

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introducing bard google's response to chatgpt

As the hype builds around startup OpenAI’s chatbot, ChatGPT, Google is keen to stay ahead of the Microsoft-funded competition. To that end, the search giant will roll out its own version of the technology named Bard over the coming weeks.

Sundar Pichai, Google’s CEO, has announced that Bard is already available to “trusted testers” and is designed to harness the “breadth of the world’s knowledge” behind a conversational-looking interface. Pichai did not announce concrete plans to integrate Bard into the company’s main search box, instead pointing to a novel and more cautious use of the technology to enhance conventional searches.

The news of Google’s foray into chatbot-style AI comes after Microsoft’s recent investment of $10 billion into ChatGPT’s parent company, OpenAI. ChatGPT has grown into an internet sensation over the last few months, however, some experts advise caution after noticing that the bot is prone to making up answers or copying its responses from other online sources.

Also Read: Best Music Streaming Services In The Middle East

Interestingly, the ChatGPT engine is built on top of an AI model known as Transformer, which Google itself first invented. After Google researchers listed severe limitations in the concept in a 2020 paper, two prominent ethical AI researchers, Timnit Gebru and Margaret Mitchell, were fired from the search giant, while others are said to remain frustrated at Google’s hesitancy to harness the technology thoroughly.

So what differences can we expect from Google’s new Bard software when it releases? In Sundar Pichai’s blog post on Monday, the CEO offered the example of asking Bard “to explain discoveries made by NASA’s James Webb Space Telescope in a way that a 9-year-old might find interesting”. Bard responds in a conversational bullet-point style, with the first one reading, “In 2023, The JWST spotted several galaxies nicknamed green peas. They were given this name because they are small, round, and green, like peas”.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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