“Fake Photo of Pentagon Explosion Causes Wall Street Excitement: AI Technology and the Risks of Misinformation”

2023-05-22 20:20:00

excitement on Wall Street
Fake photo of Pentagon explosion causes a stir

New AI technologies make it easier for laypersons to produce convincing images in a short time and without specialist knowledge. A fake photo of an explosion at the Pentagon is now causing a stir on the Internet – and not only there: the US stock markets also fall briefly. Even the Department of Defense has a say.

A fake photo of an explosion at the Pentagon in the USA caused a stir in the online networks and caused a brief slump on the stock exchanges. The image, believed to have been generated by an artificial intelligence (AI), was shared by multiple user accounts on the internet services, forcing the US Department of Defense to comment. “We can confirm that this is a hoax and that the Pentagon was not attacked today,” a spokesman said.

The Arlington Fire Department near Washington also said on the Internet that there had been no explosion or other incident at or near the Pentagon. The original source of the fake image is unknown.

The massively divided picture sent stock markets tumbling for a few minutes, with the S&P 500 index falling 0.29 percent from its Friday close before bouncing back. Pat O’Hare of the market analysis website briefing.com explained that there was a dip that was probably related to the fake news. “But I would like to note that the magnitude of the decline was not consistent with the seemingly bad nature of the fake news.”

New AI technologies make it easier for laypersons to produce convincing images in a short time and without specialist knowledge in image processing. In the past few years, several fake recordings have sparked discussions – such as an apparent arrest of former US President Donald Trump.

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