Market Warning: Don't Buy This...

Today's "bizzarro" market has one 50-year Wall Street veteran concerned. He believes most investors are about to make this huge mistake.

The No. 1 Crypto for 2024

Deepfake of principal's voice is the latest case of AI being used for harm

BEN FINLEY
April 29, 2024

The most recent criminal case involving artificial intelligence emerged last week from a Maryland high school, where police say a principal was framed as racist by a fake recording of his voice.

The case is yet another reason why everyone -- not just politicians and celebrities -- should be concerned about this increasingly powerful deep-fake technology, experts say.

"Everybody is vulnerable to attack, and anyone can do the attacking," said Hany Farid, a professor at the University of California, Berkeley, who focuses on digital forensics and misinformation.

Here's what to know about some of the latest uses of AI to cause harm:

AI HAS BECOME VERY ACCESSIBLE

Manipulating recorded sounds and images isn't new. But the ease with which someone can alter information is a recent phenomenon. So is the ability for it to spread quickly on social media.

The fake audio clip that impersonated the principal is an example of a subset of artificial intelligence known as generative AI. It can create hyper-realistic new images, videos and audio clips. It's cheaper and easier to use in recent years, lowering the barrier to anyone with an internet connection.

"Particularly over the last year, anybody -- and I really mean anybody -- can go to an online service," said Farid, the Berkeley professor. "And either for free or for a few bucks a month, they can upload 30 seconds of someone's voice."

Those seconds can come from a voicemail, social media post or surreptitious recording, Farid said. Machine learning algorithms capture what a person sounds like. And the cloned speech is then generated from words typed on a keyboard.

The technology will only get more powerful and easier to use, including for video manipulation, he said.

WHAT HAPPENED IN MARYLAND?

Authorities in Baltimore County said Dazhon Darien, the athletic director at Pikesville High, cloned Principal Eric Eiswert's voice.

The fake recording contained racist and antisemitic comments, police said. The sound file appeared in an email in some teachers' inboxes before spreading on social media.

The recording surfaced after Eiswert raised concerns about Darien's work performance and alleged misuse of school funds, police said.

The bogus audio forced Eiswert to go on leave, while police guarded his house, authorities said. Angry phone calls inundated the school, while hate-filled messages accumulated on social media.

Detectives asked outside experts to analyze the recording. One said it "contained traces of AI-generated content with human editing after the fact," court records stated.

A second opinion from Farid, the Berkeley professor, found that "multiple recordings were spliced together," according to the records.

Farid told The Associated Press that questions remain about exactly how that recording was created, and he has not confirmed that it was fully AI-generated.

But given AI's growing capabilities, Farid said the Maryland case still serves as a "canary in the coal mine," about the need to better regulate this technology.

WHY IS AUDIO SO CONCERNING?

Many cases of AI-generated disinformation have been audio.

That's partly because the technology has improved so quickly. Human ears also can't always identify telltale signs of manipulation, while discrepancies in videos and images are easier to spot.

Some people have cloned the voices of purportedly kidnapped children over the phone to get ransom money from parents, experts say. Another pretended to be the chief executive of a company who urgently needed funds.

During this year's New Hampshire primary, AI-generated robocalls impersonated President Joe Biden's voice and tried to dissuade Democratic voters from voting. Experts warn of a surge in AI-generated disinformation targeting elections this year.

But disturbing trends go beyond audio, such as programs that create fake nude images of clothed people without their consent, including minors, experts warn. Singer Taylor Swift was recently targeted.

WHAT CAN BE DONE?

Most providers of AI voice-generating technology say they prohibit harmful usage of their tools. But self enforcement varies.

Some vendors require a kind of voice signature, or they ask users to recite a unique set of sentences before a voice can be cloned.

Bigger tech companies, such as Facebook parent Meta and ChatGPT-maker OpenAI, only allow a small group of trusted users to experiment with the technology because of the risks of abuse.

Farid said more needs to be done. For instance, all companies should require users to submit phone numbers and credit cards so they can trace back files to those who misuse the technology.

Another idea is requiring recordings and images to carry a digital watermark.

"You modify the audio in ways that are imperceptible to the human auditory system, but in a way that can be identified by a piece of software downstream," Farid said.

Alexandra Reeve Givens, CEO of the Center for Democracy & Technology, said the most effective intervention is law enforcement action against criminal use of AI. More consumer education also is needed.

Another focus should be urging responsible conduct among AI companies and social media platforms. But it's not as simple as banning Generative AI.

"It can be complicated to add legal liability because, in so many instances, there might be positive or affirming uses of the technology," Givens said, citing translation and book-reading programs.

Yet another challenge is finding international agreement on ethics and guidelines, said Christian Mattmann, director of the Information Retrieval & Data Science group at the University of Southern California.

"People use AI differently depending on what country they're in," Mattmann said. "And it's not just the governments, it's the people. So culture matters."

___

Associated Press reporters Ali Swenson and Matt O'Brien contributed to this article.

Continue Reading...

Popular

Bill Gates Sells Microsoft, Berkshire Hathaway Shares In Q1: Are These Still Top Positions?

In a recent 13F filing, the Bill and Melinda Gates Foundation reveals the trust sold Microsoft and Berkshire Hathaway shares in the first quarter.

Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men

LANSING, Mich. (AP) — Six men working as part of a criminal organization in Michigan have been arrested in connection with the theft of more than 400 vehicles worth about $8 million, authorities said Thursday.

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

Clearside Biomedical And 3 Other Penny Stocks Insiders Are Buying

When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

Declares this radical biotechnology "is going to be flat out one of the biggest [tech revolutions] ever." And this $10 stock is at the center of all.

Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors

Deere's fiscal second-quarter results beat Wall Street's expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops.

Schwazze's Q1 2024 Financial Results: Takes A Hit In Colorado, Overall Cannabis Sales Up By 9%

Medicine Man Technologies, Inc., operating as Schwazze (OTC: SHWZ), announced its financial results for the first quarter ended March 31, 2024.

This Unknown Company Solves the Biggest Issue With AI - Ad

This one tiny company's breakthrough solves THE critical issue holding back Nvidia and the whole AI chip industry. Amazon has already invested $144 million and agreed to buy at least $650 million more. One expert predicts a major announcement could come any day...

Mohamed El-Erian Says Bond And Equity Prices Getting A Boost After Softer-Than-Expected Headline CPI Numbers And Fueling 'Hopes For An Earlier Interest Rate Cut'

Mohamed El-Erian, the Chief Economic Advisor at Allianz, suggested that the latest inflation data could prompt the U.S. Federal Reserve to consider an earlier interest rate cut, potentially boosting bond and equity prices.

United Airlines says it has regained some privileges that were suspended after problem flights

CHICAGO (AP) — United Airlines says federal regulators are letting it resume adding new routes and planes after a series of incidents, including an engine fire and a tire falling off a plane after takeoff, led them to to make those moves.

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts

Inflation data supports Fed rate cuts, yields test crucial 200-day average, creating favorable bond market trend. Powell downplays hike concerns.

Top 3 Real Estate Stocks That Are Set To Fly

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Earn Instant Cash Flow (using THIS tactic) - Ad

Can you imagine earning $1,118,721/hr? That's what greedy Wall Street elites have been pocketing for 22 straight years. And now it's available to you.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Trump Vs. Biden: New Swing State Poll Reveals Winner, One Key 2024 Election Issue Could Influence Result (Updated)

A new 2024 election poll of swing state voters shows Donald Trump with a commanding lead. One key factor could be determining the race in these markets.

One Crypto Can Change Your Financial Life - Ad

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

Elon Musk has voiced concerns about the future stability of the U.S. dollar, highlighting the escalating national debt as a potential catalyst for a looming economic crisis.

'Ozempic Ftw:' Elon Musk Touts Novo Nordisk's Blockbuster Drug As Solution To Childhood Obesity Problem

This is not the first time the tech mogul has seemingly backed the blockbuster drug. Last year, Musk claimed that Ozempic was affecting food sales at Walmart.

Biggest Hedge Fund Manager Has Huge Warning for U.S. Dollar." - Ad

Ray Dalio, the founder of Bridgewater has gone public with a huge waning about the U.S. dollar. He says: "We are printing too much... money as we know it is in jeopardy." Multi-millionaire analyst Porter Stansberry agrees and says a very lucrative new form of money is emerging in America. Should you get it? Stansberry explains full story here...

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

WASHINGTON (AP) — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home

BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy.

Stock Alert: "Red Flag" Warning - Ad

The Wall Street legend who called the 2020 tech crash just issued a jarring warning about the AI market.

Delaware judge refuses to fast-track certain claims in post-merger lawsuit against Trump Media

DOVER, Del. (AP) — A Delaware judge on Tuesday granted a request by attorneys for Donald Trump and Trump Media & Technology Group, parent company of his Truth Social platform, to slow down a lawsuit filed by two cofounders of the company.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service