Elon Musk's Image Deeply Faked by AI, Causing Billions in Fraud

TapTechNews August 16th news, according to a report in The New York Times on the 14th, after Elon Musk's image was 'deeply faked' by AI, it appeared in thousands of false advertisements, causing billions of dollars in fraud.

A victim mentioned in the report - 82-year-old retired man Steve Beauchamp. He just wanted money to support his family and thought Elon Musk could help. At the end of last year, he saw a video in which the 'AI Elon Musk' endorsed an aggressive investment opportunity that promised 'quick returns'. Steve then got in touch with the company behind the advertisement and opened an account at a price of $248.

Through a series of transactions over several weeks, Steve exhausted his retirement account and ultimately invested more than $690,000 (TapTechNews note: currently about 4.949 million Chinese yuan), and this money was'snatched' away by the fraud group.

The fraud group edits Elon Musk's real interview and uses AI to replicate his voice, lip shape to create false advertisements, with a production cost of only a few dollars and can be completed within a few minutes. For ordinary viewers, such operations are often difficult to detect because the AI-generated content can well'restore' Elon Musk's signature wooden tone and South African accent.

The report said that in recent months, thousands of AI false videos have flooded the Internet, and the 'AI Elon Musk' in the videos is'realistic enough to deceive' dozens of potential investors. According to the estimate of the research institute Deloitte, AI-driven deep fake content is expected to cause billions of dollars in fraud losses every year.