False rumors have once again spread regarding the resignation of United States Securities and Exchange Commission (SEC) chair Gary Gensler. However, this time the involvement of artificial intelligence (AI) in generating the rumors has been brought to light.
On July 1, an article appeared on a website named “thecryptoalert.com” claiming that SEC chair Gary Gensler had submitted his resignation following an internal investigation, citing an anonymous official. Upon analyzing the article, it was found that the text scored high on a third-party AI-detector called ZeroGPT, with a score of 96.8%. This indicates a high degree of AI text generation involved in the creation of the article.
Further investigation revealed that the website itself is relatively new, with only 17 posts in total, the first of which was published on June 22nd. It was also found that most of the articles on the website rely heavily on artificial intelligence, with all of them scoring around 70% with ZeroGPT.
In addition to the text being AI-generated, a search on the internet archive Wayback Machine showed that the ownership of the website’s domain, “thecryptoalert.com,” was recently updated on June 24th at 4:30 pm.
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Despite the questionable credibility of the source, the article was reposted by several accounts on Twitter. The most widely viewed post regarding the alleged resignation came from an account called @whalechart, which garnered 1.4 million views.
However, on July 3, Fox Business Network reporter Charles Gasparino confirmed via Twitter that Gary Gensler is not resigning, as confirmed by the SEC. This reaffirmed the false nature of the rumors.
This is not the first time rumors of Gensler’s resignation have circulated. On April 20, claims that he was preparing to be “fired” were spread by questionable sources. Additionally, on June 12, U.S. lawmakers introduced a bill known as the “SEC Stabilization Act” to the House of Representatives. One of the bill’s provisions aimed to remove Gensler from his position, referring to him as a “tyrannical Chairman.”
The spread of false information and rumors can have significant consequences, especially in the financial sector where investor confidence is crucial. The use of AI-generated content adds another layer of complexity to the issue, as it becomes increasingly challenging to identify and verify sources.
As technology continues to advance, it is essential for individuals and organizations to remain vigilant in distinguishing reliable information from false claims. Fact-checking and verifying sources are critical steps in combating the spread of misinformation and preserving the integrity of the financial ecosystem.
In conclusion, the recent rumors regarding Gary Gensler’s resignation as SEC chair were found to be false and likely generated through AI text generation. The involvement of artificial intelligence in spreading misinformation highlights the need for increased scrutiny and critical thinking when consuming news and information online. Maintaining trust and credibility in the financial sector requires a proactive approach to identifying and debunking false rumors.
