Live from Media & TechCon 2023: From fabricated legal cases to viral fake images, the risks of AI-generated content are exposed. Discover how lawyers submitted bogus cases generated by ChatGPT, leading to a courtroom showdown. Meanwhile, a deceptive image caused stock market jitters, shedding light on the growing challenge of identifying fake news. Join us as we explore the pitfalls of relying solely on AI chatbots and the implications for investors in this eye-opening exposé.

00:00 - Intro
02:13 - 1: A lawyer used ChatGPT and now has to answer for its ‘bogus’ citations
19:10 - 2: Wie ein KI-Bild den US-Leitindex abstürzen ließ

1. https://www.theverge.com/2023/5/27/23739913/chatgpt-ai-lawsuit-avianca-airlines-chatbot-research
2. https://amp2.wiwo.de/finanzen/boerse/us-boerse-wie-ein-ki-bild-den-us-leitindex-abstuerzen-liess/29164922.html

Summary:
Lawyers representing Avianca, the Colombian airline, submitted a legal brief containing fabricated cases generated by OpenAI's ChatGPT. The opposing counsel exposed the fake cases, leading the judge to acknowledge the bogus nature of six submitted cases. The judge is considering imposing sanctions on the plaintiff's lawyers and has scheduled a hearing on the matter. One lawyer involved admitted to using the chatbot for research and trusted its claims, even asking it for verification. The opposing counsel thoroughly detailed the falsehoods in the brief, including references to nonexistent cases and incorrect information. The incident highlights the risk of relying solely on chatbots for research without proper verification. The lawyer who used the chatbot will have to explain the situation to the judge. This serves as another example of the limitations and potential pitfalls of relying solely on AI chatbots for factual information.

On Monday, a fabricated image circulated on social media, causing a brief stock market dip. The image, depicting black smoke over the Pentagon, was mistakenly believed to be real by several media outlets and investors. This incident highlights the increasing challenge of identifying fake news, particularly with the use of AI-generated content. The spread of fake news on social media platforms, coupled with relaxed verification policies, contributes to the problem. Detecting manipulated images and videos is becoming a race between AI-generated fakes and detection programs, with the latter at risk of falling behind. Investors should expect more capital market-related fakes in the future, potentially leading to sudden price fluctuations. Long-term investors with diversified portfolios may be less affected, but short-term speculations could become more challenging.

Our panel today
Chris https://www.linkedin.com/in/christian-krau%C3%9F-60a35486/
Henrike https://www.linkedin.com/in/henrike-hedel/
Tarek https://www.linkedin.com/in/tarekmadanymamlouk/
Alex https://www.linkedin.com/in/alexandrairinanicolae/
Vincent https://www.linkedin.com/in/vincent-t-irmler/

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