Senator Michael Bennet Urges Tech Giants to Curb AI-Generated Misinformation

U.S. Senator Michael Bennet from Colorado has today called on leaders of prominent technology and artificial intelligence (AI) companies, including Meta, Alphabet, Microsoft, Twitter, TikTok, and OpenAI, to implement proactive strategies to combat the proliferation of misleading AI-generated content.

Bennet emphasized the need for identifying and labeling AI-generated content, highlighting the potential risks associated with the unchecked spread of misinformation. He stated, “Online misinformation and disinformation are not new. But the sophistication and scale of these tools have rapidly evolved and outpaced our existing safeguards.”

The Senator pointed out several instances where AI-generated content caused market turmoil and political unrest. He also cited the testimony of OpenAI CEO Sam Altman before the Senate Judiciary Committee, where Altman identified the potential of AI to spread disinformation as a serious concern.

Bennet acknowledged the initial steps taken by technology companies to identify and label AI-generated content. However, he stressed that these measures are voluntary and can be easily bypassed. He proposed a framework for labeling AI-generated content and requested the companies to provide their identification and watermarking policies and standards.

The Senator concluded, “Continued inaction endangers our democracy. Generative AI can support new creative endeavors and produce astonishing content, but these benefits cannot come at the cost of corrupting our shared reality.”

Bennet has been a strong advocate for digital regulation, youth online safety measures, and enhanced protections for emerging technologies. He recently introduced the Digital Platform Commission Act, the first legislation in Congress to create a dedicated federal agency for overseeing large technology companies and protecting consumers.

This move by Senator Bennet underscores the growing concern about the misuse of AI technology and the urgent need for regulatory measures to ensure its responsible use. It remains to be seen how the tech giants will respond to this call for action.


Tagged : / / / / / /

TikTok Crypto Influencers Mislead Viewers

TikTok, the popular social media platform, has become a go-to source of information for many young people today. However, a recent study conducted by daapGamble reveals that over one-third of cryptocurrency influencers on TikTok are sharing unvetted misinformation about Bitcoin and other cryptocurrency investments. Many of these influencers are promoting crypto investments without properly warning viewers about the risks, convincing unwary investors to put their hard-earned money into cryptocurrencies that are likely to lose value.

The study analyzed 1,161 crypto-related videos on TikTok, which used the hashtag “#cryptok.” More than one in three of these videos were found to be misleading, while just one in ten videos contained some form of disclaimer about the risks of investing. Additionally, 47% of the crypto influencers were found to be pushing services for their own profit.

The potential financial risk for unwary investors is high, with one in three misleading videos on TikTok mentioning Bitcoin. Furthermore, videos using popular crypto-related hashtags, such as #crypto, #cryptoadvice, and #cryptoinvesting, have cumulatively garnered over 6 billion views. However, viewers often overlook the ill intent of influencers and trust their content purely based on its high number of views or likes.

The study found that both new and seasoned investors should do extensive research on crypto projects before making any form of investment. While the reach of crypto influencers is smaller than that of mainstream celebrities, such as Kim Kardashian, Jake Paul, and Soulja Boy, the potential financial risks for unwary investors remains equally high.

In recent years, many mainstream influencers have been accused of promoting cryptocurrencies to their millions of fans without disclosing the payments they received. For instance, the United States Securities and Exchange Commission forced Kim Kardashian to pay $1.26 million in penalties for promoting EthereumMax (EMAX).

In April 2022, a $1 billion lawsuit was filed against crypto exchange Binance, CEO Changpeng Zhao, and three crypto influencers for allegedly promoting unregistered securities. The Moscowitz Law Firm and Boies Schiller Flexner, who filed the lawsuit, called this a classic example of a centralized exchange promoting the sale of an unregistered security.

In conclusion, while TikTok can be an excellent source of information, viewers are advised to exercise caution when it comes to crypto influencers and do their own research before making any investments.


Tagged : / / / / / /

Over 1 in 3 TikTok Influencers Post Misleading Crypto Content

A recent study by dappGambl has revealed that TikTok influencers are posting misleading videos about cryptocurrency investments, with over one in three videos found to be deceptive. The social media platform has become an alternative to Google searches for many individuals, particularly younger generations. However, some influencers have been found to share unvetted misinformation on crypto investments, often trying to convince unwary viewers to put their hard-earned money into loss-making cryptocurrencies.

The analysis of over 1,161 TikTok videos with the hashtag “#cryptok” revealed that only 1 in every 10 cryptok accounts or videos contained some form of disclaimer that warned users about the risk of investments. Additionally, out of the lot, 47% of TikTok creators were found trying to push services to make money. This lack of accountability and transparency highlights the need for better regulation in the social media industry.

The potential financial risk for unwary investors remains equally high, despite TikTok influencers having a smaller reach than their mainstream counterparts. The study also discovered that popular crypto-related hashtags such as crypto, cryptok, cryptoadvice, cryptocurrency, cryptotrading, and cryptoinvesting have cumulatively churned over 6 billion views on TikTok. The platform has become a breeding ground for unverified information on crypto investments, causing viewers to overlook the ill-intent of their favorite influencers and trust their content purely based on the high number of views or likes.

The consequences of this trend are severe, with individuals investing their hard-earned money into cryptocurrencies without proper research, often resulting in significant financial losses. The United States Securities and Exchange Commission (SEC) has also cracked down on the promotion of cryptocurrencies by influencers. The SEC forced Kim Kardashian to pay $1.26 million in penalties for the promotion of EthereumMax (EMAX). Other mainstream influencers such as Jake Paul and Soulja Boy have also been accused of promoting cryptocurrencies to their millions of fans without disclosing payments received.

On April 2, a $1 billion lawsuit was filed against crypto exchange Binance, its CEO Changpeng “CZ” Zhao, and three crypto influencers for promoting unregistered securities. The Moscowitz Law Firm and Boies Schiller Flexner, who filed the lawsuit, referred to the case as a “classic example of a centralized exchange, which is promoting the sale of an unregistered security.”

In conclusion, the study by dappGambl highlights the need for stricter regulations and accountability measures for social media platforms. Both new and seasoned investors are advised to do extensive research on crypto projects prior to making any form of investment. With the potential financial risk for unwary investors remaining high, it is crucial that social media platforms such as TikTok take responsibility for the content shared by their influencers, and ensure that users are properly warned about the risks of investing in cryptocurrencies.


Tagged : / / / / /

Is Blockchain The Answer To COVID-19 Led Misinformation and Rumor Mongering?

In the past 10 months, COVID-19 literally brought the world to its knees. But the pandemic, as it turns out, has been less of a pandemic and more of an infodemic. The internet was teeming with a deluge of news reports, stories, blog articles, and ‘guidelines’ on ‘how to stay safe out there’.

And what percentage of this content is actually worth relying upon? Which source to trust, and which one to shun? Why has this global catastrophe become a breeding ground for misinformation and rumor peddlers? Why is it painstaking to absolutely genuine information? Is blockchain technology the answer to this endless barrage of coronavirus misinformation?

The ‘COVIMisinformation Virus’ And How It Came To Life

The practice of rumor-mongering has been in existence since time immemorial. We human beings have been spreading misinformation and conspiracy theories since the very invention of speech. But the ongoing COVID-19 pandemic propelled fake news circulation to an altogether different level.

The coronavirus spread through human carrier hosts. While misinformation pervaded via mass media. Digital technologies, social media networks, and online news portals only added fuel to this fire. So-called mainstream news outlets orchestrated the functioning of an elaborate fake news machine.

Through The Social Media Machine

Apart from this, social media proved to be one of the most prolific production portals for fake news and misinformation. And the worst part about content churning out of social media is the corroboration with actual facts. The social media players manipulated most of the actual, useable information. And promptly trashed the actual genuine, useful stuff. Either by group admins or by the company folks themselves.

Stripe CEO Patrick Collison recently flagged this issue on Twitter.

The issue blew out of proportion exponentially. So much so that information from the most trustworthy and verifiable sources like the World Health Organization (WHO) was not allowed to see the daylight of reality. This has inadvertently led to an upsurge of self-proclaimed censorship and conspiracy peddling.

Stanford Digital Economy Lab Director and Stanford University professor Erik Brynjolfsson seconded Collison’s viewpoint by pointing out how Twitter apparently has ‘historically’ projected false aspects of true stories.

Another example of Twitter’s self-assertive policing is how the platform flagged certain tweets with the ‘misinformation’ label. This, in turn, makes it difficult to like/retweet tweets. TechCrunch described this inappropriate stance of Twitter ‘appropriately’.

Twitter says it tries to deamplify misinformation today by not allowing those labeled, misleading tweets to appear in Search or injected into users’ Timelines (if they don’t follow the account). But those tweets can still be replied to, liked and retweeted.

Through the Generous Contribution Of Medical Experts

The Week Magazine pointed out that medical professionals and public figures have also contributed to the spreading of lies and questionable opinions with regards to COVID-19.

The magazine quoted research by the National Center for Biotechnology Information which states:

Many specialists took contradicting sides, emphasizing the severity of COVID-19 or calming the public with claims of the virus being non-hazardous. From that standpoint and medical experts not having a united voice, it became somewhat difficult to distribute varying accounts.

With respect to public figures, many saw the populace reject their thoughts about the pandemic. Why? Simply because he/she doesn’t belong to the group which they (the people) incline themselves with.


Can Blockchain Technology Help Fight The Fluff?

As reported by CryptoPotato, New York-based 174-year-old, non-profit news agency, The Associated Press, recorded their calls for the 2020 US Presidential election on the Ethereum blockchain. This is the first time that a prominent body leveraged a distributed computing system. To publish data pertaining to one of the biggest electoral events in history. But can blockchain technology help provide respite from the slew of fake news, misinformation, and censorship?

Yes. Why? Because decentralized systems have an edge over centralized information portals like social media platforms and news outlets. These portals leverage human trust to disseminate news which, in turn, also gives them an upper hand to censor genuine information as and how they please.

And since this data transmits online through centralized servers, hackers can intercept the traffic and manipulate information bits to further aggravate the issue. Online perpetrators can tamper with ‘already tampered’ information to further their personal agendas. Or they can just disguise themselves as notable folks and deal out scams. This was evident from the infamous Twitter hack a few months ago, in which bitcoin scam tweets went out from handles of uber-famous personalities.

Distributed Computing Is The Key

However, with blockchain systems, this risk gets short sized significantly. Popular public blockchain networks like Ethereum, Bitcoin, or for that matter private networks like Monero can stall the spread of fake news and misinformation. And the manipulation of information.

Through trustless and verified data injection in the blockchain, it becomes difficult to doctor facts. Nodes in the network approve information (to be inserted in a block) only after sufficient consensus. And this absolutely nullifies every possibility of information adulteration.

Additionally, the verified piece of information, in this case, COVID-19 safety guidelines/news would always remain accessible to all users of the blockchain minus the ‘single-point-of-failure attack risks’. As long as the nodes keep running. All spurious versions of a particular piece of information can be readily verified against the genuine version on the blockchain thus laying rest to the spread of misinformation.

Not There Yet

But while the above sounds absolutely fantastic on paper, the ground reality is a bit different. Truth is that blockchain-based systems are not entirely ready to tackle the transmission or storage of critical information. Or for that matter sifting through a gargantuan pile of data to weed out misinformation.

The same was recently pointed out by eminent MIT scientists Ron Rivest, professor at the MIT Computer Science and Artificial Intelligence Laboratory (CSAIL), Michael Specter; Sunoo Park, and Director of MIT’s Digital Currency Initiative (DCI) Neha Narula in their latest paper.

The paper‘s literature takes a sharp dig at blockchain’s theorized application in electoral processes. And illustrates meticulously how instead of heightening security, distributed ledger technology would instead plug gaping cybersecurity holes in the voting process.

While current election systems are far from perfect, blockchain would greatly increase the risk of undetectable, nation-scale election failures. Any turnout increase would come at the cost of losing meaningful assurance that votes have been counted as they were cast.

So, while the Associated Press may have leveraged the Ethereum blockchain to record calls for the latest US Presidential elections, it is not at all a green light for mass adoption. But by their inherent design and principle, blockchains could actually help fight the disease of misinformation.

What they need is a little bit more work.


Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.


Tagged : / / / / / / / / / / /
Bitcoin (BTC) $ 26,877.20 0.89%
Ethereum (ETH) $ 1,667.13 0.36%
Litecoin (LTC) $ 66.04 1.63%
Bitcoin Cash (BCH) $ 231.64 3.78%