Leading cryptocurrency exchange Binance has recently rejected claims of its CEO Changpeng Zhao being associated with China’s Communist Party. This speculation was presented through ChatGPT, a popular Artificial Intelligence (AI) program that is able to generate news stories on demand.
This allegation, which was first made by an unnamed source, further suggested CZ had created a social media platform for the state-owned energy giant, China National Petroleum Corporation (CNPC). Binance’s Chief Security Officer Patrick Hillmann pointed out that even a basic level of fact-checking would easily debunk this rumor and dehumanized it as “ludicrous.”
AI technology has seen a rapid growth rate that has led to its implementation across various sectors. However, some experts warn against the potential dangers of such technology when it comes to creating fake media stories and countering the opinion of broad society.
Professor Charlie Beckett from the London School of Economics highlights the importance of human editing and fact-checking along with the implementation of AI in the journalism sector. He believes that for newsrooms aiming for ethical journalism, it is hard to implement the use of a ChatGPT without accompanying procedures.
Adding to this discussion, a Bloomberg article recently portrayed Binance’s CEO as a multi-billionaire who had amassed a fortune of over $28 billion. CZ stated his net worth is nowhere near the figures mentioned in the article and further dismissed the suggestion that he viewed FTX as a rival. He expressed that he welcomes any new exchange that is properly run.
Binance, founded in 2014, is a leading cryptocurrency exchange in the world with users across the globe. It offers access to a variety of coins, tokens, and digital assets. The mission of the exchange is to create an open financial system, accessible to anyone and anywhere in the world.
