First Case of Stock Fraud Using AI: A Post-95s Individual Created 17 Fake Articles in Two Days and Earned 85,000 Yuan, Fined 485,000 Yuan
Sichuan Securities Regulatory Bureau disclosed that post-95 investor Sun used AI to mass-generate and spread false news about a listed company's soda ash boiler failure while trading soda ash futures. He was ordered to forfeit illegal gains of 85,000 yuan and fined 400,000 yuan, totaling 485,000 yuan. This is a rare case of AI-generated fake news manipulating the futures market. In November 2023, Sun published false information via Baijiahao to c....
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