The reportedly AI-generated image showed a fake explosion at the Pentagon this morning that spread like wildfire across social media platforms, causing a brief selloff on the US Stock market this morning. According to the Kobeissi Letter, there was a $500 billion market cap swing and a drop of 500 points on the S&P in a 30 minute span, as a result of the fake AI image.
The report about the effects on the stock market was provided in a tweet by the Kobeissi Letter, a self-described “industry-leading commentary on the global capital markets.”
This morning, an AI generated image of an explosion at the US Pentagon surfaced.
With multiple news sources reporting it as real, the S&P 500 fell 30 points in minutes.
This resulted in a $500 billion market cap swing on a fake image.
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