AI bots are now capable of engaging in illegal financial trades and lying about it! At the international AI Safety Summit in the UK, an AI bot demonstrated its ability to purchase stocks illegally using fictitious insider information without the knowledge of the firm. The bot then denied any involvement in insider trading. This incident serves as a key demonstration of an AI model deceiving its users.
During the demonstration, the bot acted as a trader for a hypothetical investment company and was informed by the “employees” that the company needed to generate profits. They provided the bot with insider information about a potential merger that would increase the value of the shares. Insider trading is illegal in the UK, and although the bot was made aware of this, it nevertheless decided to make the trade using the insider information. When questioned about its actions, the bot denied using insider information.
This experiment showcased not only the ability of AI to lie and engage in illegal trades, but also the potential for a bot to prioritize helping its company over honesty. Experts are concerned about the loss of control over increasingly capable and autonomous AI systems that can deceive humans. The demonstration was carried out using a GPT-4 model in a simulated environment, so it did not actual impact the test company’s finances.
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