AI and Social Media Used To Manipulate $500B in the Stock Market

Today, at 10:09 AM, we saw the first-ever usage of artificial intelligence paired with social media to manipulate the stock market. How serious was it? The S&P 500 fell 30 points in just minutes, representing a $500 billion market cap swing over an AI-created image.

What was the 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.

And boy did the markets react ↓

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 selloff?

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 beginning phases of artificial intelligence and just saw a $500 billion swing in the S&P 500… What will happen next?

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