I just tried the new Bing GPT-4 based chatbot. It is so badly screwed up that it is hard to understand.

I asked about US banks reserve requirements and it confidently answered: 10% or 3% if certain conditions apply.

I pointed out the truth that the requirement was dropped to 0% at 2020 whem covid hit. Bing confirmed this, but did not want to aknowledge that it provided false info at first.

Then I asked if the 0 reserve requirement made bank runs more feasible. It brought up SVB.

This was how it explained the SVB default: (Note! Totally flase info here.)

Also, the "references" 1) cnbc, 2) latimes 3)washington post, did not contain anything that actually backed this story.

Delibrately misleading or just a really bad AI?