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Tuesday, May 7, 2024

Fake AI photo of Pentagon blast spooks market

First known instance of its kind raises concerns about new and nefarious uses for AI

The Pentagon building in Arlington, Virginia, where officials say nothing out of the ordinary happened on Monday. (Photo: Bloomberg)

NEW YORK: A faked photograph of an explosion near the Pentagon spread widely on social media on Monday, briefly sending US stocks lower in possibly the first instance of an AI-generated image moving the market.

Just past 10am New York time, when the photo was circulating, the S&P 500 declined by about 0.3% to a session low. As news emerged that the image was a hoax, the index quickly rebounded.

The fake photo, which first appeared on Facebook, showed a large plume of smoke that a…

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