What is Google Bard?

Google Bard is a large language model (LLM) chatbot developed by Google AI. It is based on the Pathways Language Model 2 (PaLM 2), which is a 540-billion parameter model. Google Bard is still under development, but it has learned to perform many kinds of tasks, including:

✔️ Generating text: Bard can generate different creative text formats of text content, like poems, code, scripts, musical pieces, email, letters, etc. It will try its best to fulfill all your requirements.
✔️ Translating languages: Bard can translate languages accurately and fluently. It can translate between over 100 languages.
✔️ Answering questions: Bard can answer your questions in a comprehensive and informative way, even if they are open ended, challenging, or strange.
✔️ Summarizing text: Bard can summarize text in a clear and concise way. It can summarize both factual and creative text.
✔️ Writing different kinds of creative content: Bard can write different kinds of creative content, such as poems, code, scripts, musical pieces, email, letters etc.

Google Bard is powered by Pathways Language Model (PaLM 2), a large language model (LLM) released by Google in late 2022. PaLM 2 is a 540-billion parameter model trained on a massive dataset of text and code. It is one of the largest and most powerful LLMs in the world.

PaLM 2 is able to generate text, translate languages, write different kinds of creative content, and answer your questions in an informative way. It is still under development, but it has learned to perform many kinds of tasks, including

Following your instructions and completing your requests thoughtfully.
Using its knowledge to answer your questions in a comprehensive and informative way, even if they are open ended, challenging, or strange.
Generating different creative text formats of text content, like poems, code, scripts, musical pieces, email, letters, etc. It will try its best to fulfill all your requirements.

Google Bard is also able to access and process information from the real world through Google Search. This allows it to provide more comprehensive and informative answers to your questions.

More: Generative AI, The Great AI-Layoff, ChatGPT and the future of work & Book AI speaker Tony de Bree

Google Bard has the potential to be a powerful tool for a variety of tasks. It can be used to generate creative content, translate languages, answer questions, and summarize text. It is also being used to develop new applications for AI, such as chatbots and virtual assistants.

Here are some of the benefits of using Google Bard:

✔️ Accuracy: Google Bard is highly accurate in its responses. It can understand complex questions and provide accurate answers.
✔️ Creativity: Google Bard can generate creative text formats, such as poems, code, scripts, musical pieces, email, letters, etc. It can be used to create new and innovative content.
✔️ Multilingual: Google Bard can translate between over 100 languages. This makes it a valuable tool for communication and collaboration.
✔️ Informative: Google Bard can answer your questions in a comprehensive and informative way. It can provide you with the information you need to make informed decisions.
✔️ Up to date: Google Bard is up to date on the contrary to ChatGPT and other Open-ai based AI-solutions for instance.

Here are some of the limitations of using Google Bard:

✔️ Bias: Google Bard is trained on a massive dataset of text and code. This dataset may contain biases, which could be reflected in the responses of Google Bard.
✔️ Privacy: Google Bard is a large language model, which means that it needs to be trained on a massive dataset of text and code. This dataset may contain personal information, which could be a privacy concern.
✔️ Explainability: Google Bard is not always able to explain how it makes its decisions. This could make it difficult to trust the results of Google Bard.
✔️ False expertise/wrong answers: Google Bard is not always providing you with the right answers. If you for instance ask ‘What is the Fintech Model Canvas‘? It will give you only wrong answers.

Overall, Google Bard can be powerful tool with a lot of potential. However, it is important to be aware of its limitations before using it.

Schedule a call.

If you want to learn how to use Google Bard in your own FinTech or RegTech business, contact us today for a free online intake session. Please email your mobile number and the link to your LinkedIn profile using this form. Then we immediately will contact you to schedule that call or face-to-face meeting.

Kind regards,
Tony de Bree

p.s. Let’s connect on LinkedIn and follow me on Instagram and on Twitter @tonydebree & @fintechtrends.