It was trained on the internet, a gigantic repository of half-truths and misinformation, and it has no actual understanding of truth or falsehood.
Ask it for things and you get a plausible-sounding summary, good enough that most people will not fact-check the gibberish it's spewing.
Especially not when you glorify the big pile of automated statistical analysis with the title "AI".
There are plenty of other issues with it, but that'll do for a start.