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Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers

Tue, 05/02/2023 - 10:27
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Arman Shirinyan
Biggest cryptocurrency trading platform in world had unpleasant experience with newly emerged technology
Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers
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Binance, the leading cryptocurrency exchange, recently revealed that it has been targeted by a ChatGPT misinformation campaign. The false information was spread using the Default (GPT-3.5) model, which referred to Changpeng Zhao (CZ), Binance's CEO, as an employee of the Chinese state-owned company PetroChina during the 1990s. This claim was based on a fake Forbes report link and LinkedIn links.

However, when using other ChatGPT models, the correct information was provided. Binance shared the ChatGPT thread on social media, inviting crypto and AI enthusiasts to investigate further. Upon closer examination, it became apparent that the fake LinkedIn profile and nonexistent Forbes article had no basis in reality, further discrediting the claim.

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Despite the targeted misinformation, Binance remains committed to exploring the potential of AI technology in the crypto industry. The company has been investing significant time and resources in researching how AI can empower users on its platform and how blockchain technology can address existing gaps in AI-based information verification. Binance believes that AI will be a transformative technology in the years to come.

However, as with any emerging technology, bad actors will attempt to exploit it for personal profit or political gain, especially during the early stages. By raising awareness of issues like the misinformation campaign against Binance and CZ, the company hopes to prevent people from relying solely on AI-generated responses when seeking to disparage others.

ChatGPT and other GPT-based chat models often provide inaccurate information and use nonexistent sources, which is why users who work with AI language models should always double check information shared by the tool. As OpenAI's own disclaimer suggests, "ChatGPT may produce inaccurate information about people, places, or facts."

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.