Fraud Concerns - Berkshire Hathaway expresses concern over AI-generated videos using Warren Buffett's image and a voice impersonating him [1] - Warren Buffett is worried about the proliferation of fraudulent AI videos [1] Investor Awareness - The statement highlights the potential for AI-generated content to mislead investors [1]

Open AI officially hitting a $500 billion valuation amid a flurry of new product and deal announcements today including the launch of its AI video app Sora which is already facing some backlash online. For that we'll turn to Mackenzie Sagalos in today's tech check. Hi Mac.>> Hey Carl. So OpenAI has a habit of releasing new products the moment arrival moves and this week it is video. On Tuesday, the company unveiled Sora 2 along with its first video generation app, a Tik Tok style feed where users can create ...

Core Insights - The article highlights a significant rise in online fraud targeting US consumers, particularly through political scam ads on Meta's platforms [3][9] - A report from the Tech Transparency Project reveals that 63 scam advertisers spent a total of $49 million on Facebook and Instagram, primarily targeting seniors with misleading ads about government benefits [4][5] Group 1: Online Fraud and Scams - Surveys indicate a growing number of American adults are experiencing scams or impersonation attacks, with a notable increase in complaints from older adults [9][10] - The Federal Trade Commission reported a more than four-fold increase in complaints from older adults losing $10,000 or more to scammers since 2020 [10] Group 2: Meta's Role and Response - The Tech Transparency Project identified that scammers are exploiting advances in AI technology and Meta's lax content moderation to reach new victims [5][6] - Despite Meta's policies against scams, the report states that nearly half of the identified scam advertisers continued to run ads even after being flagged for policy violations [7] Group 3: Specific Examples of Scams - One notable scam involved an advertiser using a deepfake video of Donald Trump falsely promising stimulus checks, targeting individuals over 65 across more than 20 states [8][9] - The misleading ad directed users to a website claiming to offer a "FREE $5,000 Check from Trump," which was part of a broader trend of bogus stimulus offers circulating on social media [9]

Core Insights - Gen Digital (GEN) has introduced a new feature in Norton 360 to protect users from deepfake scams, collaborating with Intel to enable real-time protection on Intel Core Ultra processors [1][4] - The feature enhances existing scam protection by checking both video and audio for signs of fake content and is currently available in the US, UK, Australia, and New Zealand [2][3] Product Development - Continuous updates to Norton 360 reflect the company's commitment to addressing emerging AI scams, potentially attracting new customers and retaining existing ones [3][4] - The new feature is designed to provide users with greater confidence while browsing or consuming content online, as AI scams become increasingly sophisticated [4] Partnerships and Market Expansion - Gen Digital is expanding its deepfake protection beyond Intel to include Qualcomm and AMD, ensuring Norton protection is available across major AI PC platforms [5][7] - The scam detection features are already operational on Windows AI PCs powered by Qualcomm Snapdragon X chips, allowing real-time alerts without cloud dependency [6] - Support for AMD is expected later this year, further broadening the coverage for AI PC users [7][8] Strategic Positioning - This multi-partner approach positions Norton as a standard security solution for users seeking reliable on-device protection against scams and deepfakes, regardless of the processor brand [8] - The partnerships with Qualcomm and AMD enhance market reach and flexibility for customers, contributing to long-term growth opportunities in cyber safety and financial wellness [8]

Bollywood stars fight for personality rights amid deepfake surge https://t.co/V2LDuaTPWA ...

A suspected North Korean state-sponsored hacking group used ChatGPT to create a deepfake of a military ID document to attack a target in South Korea, according to researchers. https://t.co/9td25jk04j ...

AI can clone anybody’s voice. A security firm made deepfake versions of us reporting bogus news. See if you can tell the difference. https://t.co/WEDLFNsNSg ...

We saw multiple posts online, some getting millions of views, suggesting that this video of Trump might be AI generated, specifically around this weird looking glitch. Charlie was a patriot. So, last night, I started reaching out to digital forensics experts to see what they thought about it.I spoke with two university professors who study the technology and two companies that track and identify deep fakes. The professors both started by saying, "This is weird, especially that glitch and the fact that Trump ...

A Staggering Number Of Teens Personally Know Someone Targeted By Deepfake Nudes https://t.co/kNdCOg3jIl https://t.co/dTQ5YizTWU ...

Core Viewpoint - The emergence of deepfake technology as a financial risk tool has led to a covert and intense "AI arms race" within the global banking system, prompting Chinese fintech firms to leverage AI technology to enhance financial security defenses [1][4]. Group 1: Deepfake Technology and Financial Risks - The proliferation of deepfake technology has become a global financial concern, with AI-based identity fraud cases increasing over 30 times in 2023, making the banking system a primary target for attacks [4]. - In Hong Kong, the demand for accurate identity verification has intensified due to a high volume of cross-border transactions and remote account openings, making deepfake defense a focal point for the industry [4]. Group 2: Financial One Account's AI Solutions - Financial One Account has successfully implemented its intelligent visual anti-fraud product in Hong Kong, signing contracts for projects involving electronic identity verification (eKYC) and deepfake detection technology, with a total project value in the billion range [3][5]. - The intelligent visual anti-fraud system includes features such as facial recognition, multi-national document NFC recognition, deepfake detection, and device risk assessment, boasting seven core identification capabilities [5]. Group 3: Market Adaptation and Compliance - The intelligent visual anti-fraud product is highly compatible with Hong Kong's market requirements for data security and regulatory compliance, addressing cross-border data, secure operations, and identity verification needs [6]. - The successful project in Hong Kong not only strengthens Financial One Account's technological barriers in the high-end market but also serves as a model for Chinese fintech companies in international financial governance [7]. Group 4: Future Expansion Plans - Financial One Account plans to expand its applications in Southeast Asia, leveraging its core capabilities in big data, artificial intelligence, and risk control to enhance compliance and efficiency in international markets [7].