A prestigious investor Warren Buffett has recently taken favor of artificial intelligence development, referring to its phenomenal rate of development similar to the rise of nuclear arms. At a recent shareholder gathering, Buffett intimated his unease about the artificial intelligence-driven frauds that are increasingly commoditized, leading to his qualms. He pointed out that it might become progressively more difficult to decide if somebody is authentic or not in a space where reality is being increasingly mixed with the capabilities of AI.
Although he discovered how limited he is about AI, Buffett told a personal example of AI through deepfake technology being used to create a reasonably convincing video of him, thus, showing the possibility of the fraud spreading. His case is not an exception as many plutocratic people, such as Brad Garlinghouse who is the manager of Ripple Company, have also been fraudulent misused by malicious groups.
While Buffett’ fervor about AI situation is a bit cautious, other industrial leaders such as JPMorgan CEO Jamie Dimon take it as another revolutionary leap in innovation, comparing it to the coming of the steam engine. Furthermore, AI technology development has led to the rise of AI deepfakes detection tools such as Microsoft’s authenticator, which can signal converting the AI generated fakes to fraudulent data, hence providing an extra line of defense against manipulation.
Furthermore, instead of solely relying on technological safeguards, the e-citizens should be cautious and skeptical on the internet as well. Checking the integrity of the messages, especially the ones that involve money transactions or personal information, ensures that no person gets tricked by the fraudulent move. Acquiring knowledge about typical fraud methods and the recent online development you should take is the best reactiveness tactic that will help you to protect yourself from all kinds of exploitation. The next addition is also updating regularly cybersecurity practices, timely updates to the security software and the protection against the AI scams will be ensured even more.