Surge in AI Deepfakes Poses Challenges for Financial Sector, with Over 70% of New Enrollments Found to be Fraudulent
A flood of AI deepfakes challenges the financial sector, with over 70% of new enrollments to some firms being fake Financial institutions are championing the use of artificial intelligence, arguing the new technology can rapidly accelerate tasks like “know your customer” checks, customer onboarding, and document processing. Advancements like these can drive customer acquisition and […]
Nvidia and the AI Boom Drive Nationgate’s 720% Revenue Surge in Southeast Asia 500 Debut
Nvidia and the AI boom helps Malaysia’s Nationgate debut on the Southeast Asia 500 with a 720% revenue surge The Southeast Asia 500’s fastest growing company can thank the AI boom for its rapid rise. Generative AI has driven an investment surge into data centers, which provide the infrastructure for storing, processing and distributing data, […]
AI and algorithms target welfare recipients, turning Denmark’s safety net into a political battleground
Denmark’s renowned safety net turns into a political battleground as AI and algorithms target welfare recipients Welfare recipients in Denmark are at risk of becoming overly monitored and discriminated as a result of algorithms and artificial intelligence designed to identify fraud, Amnesty International said in a report Wednesday. Hellen Mukiri-Smith, an AI researcher and one […]
Chechen leader claims Elon Musk disabled his Cybertruck equipped with a machine gun
Chechen leader say Elon Musk disabled his machine gun-wielding Cybertruck Ramzan Kadyrov, the leader of Russia’s Chechen Republic, accused Elon Musk on Thursday of disabling a Tesla Cybertruck that he claimed he received from the billionaire last month. Kadyrov, who has ruled Chechnya with an iron fist for over 17 years, shared a video in […]