Unusual Whales

UBS analysts say fake AI information could be 'highly disruptive'

Unusual Whales -

Per Bloomberg News

Analysts at UBS have started to share their concerns regarding how information from AI could potentially be "highly disruptive," especially to the financial markets. This comes as asking for financial suggestions from AI tools like ChatGPT have become extremely easy for anyone to access.

The concerns shared were regards to how AI sometimes shares false information and could make intellectual property leaks more likely. This was the sentiment shared by the UBS Group AG analysts.

The following UBS analysts shared different ways that generative AI adoption could result in ethical issues.

  • Annabel Willder
  • Victoria Kalb
  • Julie Hudson

The analysts published a statement regarding what the risks of AI models could be when used to produce inaccurate information.

“Inaccurate information or ‘confabulations’ generated by AI models and that relate to regulators, companies or public figures could be widely shared, with potential market implications,”

Concerns started to grow shortly after a falsified photo went viral showing an explosion near the Pentagon. The incident resulted in the first case of AI-generated images having an effect on the markets.

This comes just shortly after OpenAI launched its ChatGPT services with the more advanced GPT-4 model.

“Notably, we believe deepfake and inaccurate information could have significant market impacts if regulators, company representatives or other public figures are misrepresented.”

Recently, Goldman Sachs cautioned around AI investments, saying that the stocks to most likely benefit include Meta, Alphabet, Google, Microsoft, and Amazon. According to the firm's chief US equity strategist David Kostin, there was still a lot of euphoria surrounding AI.

Related to what Goldman Sachs were saying, Bank of America said that AI is currently in a "baby bubble" just like the dot-com era. This came from the bank's strategist, Michael Hartnett, who also cited lessons from 1999 when internet stocks crashed.

He said that AI, wiht tech in general, were forming a bubble.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Bloomberg