Page 5 - IAV Digital Magazine #571

AI & Social Media Used To Manipulate $500B In The Stock Market
iAV - Antelope Valley Digital Magazine
By John Wetter
Today, at 10:09 AM, we saw the first-ever usage of artificial intelli- gence paired with social media to manipulate the stock market. How serious was
it? The S&P 500 fell 30 points in just minutes, rep- resenting a $500 billion market cap swing over an AI- created image.
Multiple large news platforms
across Twitter posted this image. An AI-generated picture to make it look as if there was an explosion near the Pentagon.
As we said, a $500 billion swing in market
cap. Insane. As you can see, the market eventually rebounded when it was confirmed the image was fake. But one can only wonder: How many millions were
made during this 20-30 minute sell- off?
Something to note: Just last week, we saw Sam Altman, ChatGPT creator and OpenAI CEO, urge the Senate to regulate artificial intelligence. We are in the begin- ning phases of artificial intelli- gence and just saw a $500 billion swing in the S&P 500... What will happen next?
iAV - Antelope Valley Digital Magazine