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Crypto marketplace Coinbase is under fire after sending out an AI-generated breaking news alert<\/a> that Norway\u2019s national men\u2019s soccer team had clinched a spot in the quarter finals of the ongoing FIFA World Cup by beating Brazil 3-2 \u2014 before the game even started.<\/p>\n While Norway did eventually beat Brazil \u2014 with a final score of 2-1, contrary to what Coinbase\u2019s AI claimed \u2014 the glaring error didn\u2019t sit well with netizens, particularly considering Coinbase had struck a partnership with prediction markets app Kalshi. A hallucinated news alert could\u2019ve caused bettors to lose out, a panic triggered by an entirely made-up World Cup match outcome.<\/p>\n It\u2019s also baffling considering how long companies have been dealing with this exact problem. Since the dawn of large language model-based tools like ChatGPT, the bots have been confidently telling lies<\/a> and fabricating facts<\/a>. That\u2019s despite hundreds of billions of dollars being spent on the tech\u2019s development.<\/p>\n Combined with a growing obsession over prediction markets like Kalshi and Polymarket, it\u2019s a fatal mix that could trigger plenty of chaos, as experts warn of a surge in gambling addiction<\/a>.<\/p>\n Puzzled users on social media noticed Coinbase\u2019s AI hallucination, calling out the company for the \u201cdangerous and irresponsible<\/a>\u201d flub.<\/p>\n \u201cTaking a look with the team,\u201d Coinbase CEO Brian Armstrong tweeted<\/a> in response to the embarrassing slip up. \u201cThanks for reporting it.\u201d<\/p>\n The company\u2019s head of consumer products, Max Branzburg, claimed<\/a> hours later that \u201cwe fixed the incorrect story and made some updates to avoid these types of inaccuracies in the future.\u201d<\/p>\n Despite the significant humiliation, Branzburg gloated about the \u201cpower of AI-enabled 24\/7 insights for trading,\u201d while conceding that Coinbase \u201cobviously\u201d still needs to \u201ctune it to address these types of issues.\u201d<\/p>\n The executive even had the gall to take credit for getting certain things right, arguing that \u201cNorway did win and [star player Erling] Haaland did score 2 goals, so maybe the AI knew something we didn\u2019t!\u201d<\/p>\n Needless to say, it\u2019s a bizarre argument, considering the AI was completely wrong about the outcome of the game before it even started. <\/p>\n The crypto firm is far from the last to have sent out entirely incorrect new alerts. In perhaps the worst error, Apple was forced to pull an AI feature that consistently delivered bogus news alerts to iPhone users in January of last year. The BBC had filed a formal complaint<\/a> after the AI falsely told users that Luigi Mangione, who stands accused of killing UnitedHealthcare CEO Brian Thompson, had shot himself.<\/p>\n Mangione is very much alive to this day and awaiting his federal trial, which was recently postponed to January 2027<\/a>.<\/p>\n Norway\u2019s soccer team is set to take on England on Saturday, July 11, in Miami. <\/p>\n