Binance has become the victim of a smear campaign by an AI-powered chatbot that spread misinformation about its founder Changpeng Zhao (CZ) and his alleged affiliation with the Chinese Communist Party.
Over the past few days, Binance has received dozens of inquiries from congressional offices regarding CZ and its ties to the China National Petroleum Corporation (CNPC).
The requests are in relation to a conversation on ChatGPT, which claims that CZ has created a social media platform for CNPC.
However, Patrick Hillman, chief strategy officer at Binance, revealed that the information had no factual basis.
“For all the crypto and AI spies out there, here is the ChatGPT thread if anyone wants to dig in. As you will see ChatGPT pulls this from a fake LinkedIn profile and a non-existent Forbes article. We found no evidence for this story and Nor has the LinkedIn page ever existed.”
According to Hillman, ChatGPT obtained this information from a fabricated LinkedIn profile that does not exist and a Forbes article that does not exist.
Hillman criticized ChatGPT for misleading the public and damaging the reputation of Binance.
“Like any new technology, bad actors will try to take advantage of it in the early days for profit or political gain. I hope that raising awareness of such issues will encourage people to single-source AI-generated response. refrains from, when seeking to dislodge someone.”
He also said that Binance is investing significant time and resources in exploring how blockchain technology and AI can work together.
AI chatbots have exploded in popularity but they are not immune to mistakes
Since the release of OpenAI’s ChatGPT last November, AI chatbots have took the internet by storm,
Despite their limitless potential and enormous functionality, these devices are not safe from errors. In fact, some AI chatbots from popular tech companies have already made some terrible mistakes.
For example, in its first demo, Google’s AI chatbot Bard incorrectly stated that the James Webb Space Telescope took the first pictures of a planet outside our own solar system.
Since AI’s ability to generate false or misleading information can cause real harm to individuals and organizations, many organizations have called for safeguards against the spread of misinformation by such tools.
The Biden Administration recommends five principles that companies should uphold with respect to the development of AI technologies through a volunteer”Bill of Rights,
These principles include data privacy, protection against algorithmic discrimination, and transparency about when and how automated systems are being used.
The National Institute of Standards and Technology has also provided voluntary safeguards that companies can use to limit the risk of AI tools harming the public.