Fake news w/AI-generated photos of Pentagon explosion caused S&P drop, emergency responder tweet

[highplainsdem]

this morning.

The fake news started on Twitter, the source for fake news, especially since Elon Musk completely wrecked the verification system.

14 tweets below (13 used twice) From John Scott-Railtonn( https://www.c-span.org/person/?122777/JohnScottRailton ) :

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Article from The Street that's linked to above:

https://www.thestreet.com/technology/s-p-sheds-500-billion-from-fake-pentagon-explosion

Since ChatGPT's launch in November, generative AI has grown significantly more powerful. It can do a lot more than write articles; it can create code and generate original music. And ChatGPT's connection to the internet through plugins has further pushed the envelope for what generative AI can do.

Many of these accomplishments are not being looked upon with much optimism -- the music industry doesn't like it for copyright infringement reasons, the education sector doesn't like it for cheating implications and now, despite huge tech-driven gains throughout 2023, the financial and news sector is struggling to parse through what is factual and what are AI-driven deepfakes.

An AI-generated image of an explosion at the U.S. Pentagon went around Twitter on the morning of May 22. The image was convincing enough that multiple breaking news accounts on Twitter tweeted it out, and as a result, the S&P 500 fell 30 points in mere minutes.

The S&P rebounded once it was clear that the image -- and the subsequent story that developed around that image -- was not real.

-snip-

[highplainsdem]

1. Kick

[Hekate]

2. KnR

[BannonsLiver]

3. Tizzies inbound.

[cactusfractal]

4. AI+BS+JPG+HST+DJIA---$$$$$$$$ n/t

[Mosby]

5. Twitter and the exchanges need to figure this out.

Someone (russia) made a lot of money this morning.

It's inexcusable that the exchanges are this susceptible to fake news. It's 2023 ffs.

[orleans]

6. i wonder what, if anything, congress can do about this AI crap

it's so disturbing / distressing

[WarGamer]

7. It affected me...

I was holding SPY call options and the big red candle triggered my stop order.

Lost 4 figures.

[superpatriotman]

9. But the guys who bought Puts right before the tweet

I wonder how they did?

[WarGamer]

11. Probably 5-6x purchase price... in 10 minutes

It's a hell of a scam.

Wonder if it was a state sponsored action? N Korea does stuff like that... and Russia is always a possibility.

[FakeNoose]

8. It's time to ban Twitter posts on DU

[WarGamer]

12. You do know that 99% of Twitter isn't politics, right?

Twitter is the world's greatest source for learning and information.

I suggest people stop using Twitter to read about politics and troll the opposition.

One of my favorite accounts... the GREAT Mary Beard

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This is how I start my day... EVERY DAY

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[FakeNoose]

13. You could say the same thing for Facebook, Instagram, Reddit and all the others

. . . but it doesn't matter if the only things that get shared on DU are the evil dis-info political posts.

[honest.abe]

10. The bigger issue is Twitter not AI.