JPMorgan sees AI as a key infrastructure
JPMorgan Chase now considers spending on artificial intelligence to be an investment in core infrastructure rather than an optional innovation cost. CEO Jamie Dimon emphasizes that current cost-cutting measures in AI would be riskier in the long term.
Risks of AI-generated ads on social media
Scammers are increasingly using AI to create fake ads and deepfake videos on social media, making it harder to spot fraud. These ads often mimic celebrities or well-known brands, luring shoppers to counterfeit websites to steal personal and payment information.
Meta profited from scam ads to fund AI
A Reuters investigation revealed that Meta made billions from scam ads on Facebook, Instagram, and WhatsApp. Fraudulent accounts were apparently left active on purpose to secure revenue for AI investments.