Protecting Your Business While Using AI

Have you ever wondered whether the photo or video you’re viewing, the audio you’re listening to or the article you’re reading is real? Artificial intelligence (AI) can make the line between authentic and inauthentic hard to determine. For fraud perpetrators, the ability to create deepfakes, voice clones or machine-generated communications can make their scams far more compelling — and effective. Although using AI for criminal purposes is a clear-cut abuse of the technology, it’s possible for well-intentioned businesses to violate the Federal Trade Commission (FTC) Act. Sec. 5 of the FTC Act, “Unfair or Deceptive Acts or Practices” prohibits any material representation, omission or practice that’s likely to mislead consumers under ordinary circumstances. Here’s how to reduce the risk of violations. Limiting the technology’s risk Using AI can...

How AI and Machine Learning Help Fight Fraud

The biannual Association of Certified Fraud Examiners “Report to the Nations” has repeatedly concluded that the longer fraud schemes remain undetected, the greater the losses for the victimized organizations. According to the 2022 report, the average fraud lasts 12 months and leads to a median loss of $117,000. But schemes that last 25 to 36 months result in a median loss of $300,000, and if fraudsters are able to conceal their theft for five years, the median loss rises to $800,000. Fortunately, advancements in artificial intelligence (AI) and machine learning (ML) have changed the landscape of fraud detection — and shortened the lifespan of fraud schemes. What do these terms mean, and how does the technology help organizations fight fraud? Explaining the technologies AI simulates human intelligence and...

Tesla AI Day Highlights

As posted to the Lex Fridman YouTube Channel on 8/20/21 (Run Time: 11 min, 29 sec) "Tesla AI Day presented the most amazing real-world AI and Engineering effort I have ever seen in my life" -- Lex Fridman On 8/19/21, Elon Musk convened Tesla AI Day, an event to share progress in the automaker’s software and hardware development related to artificial intelligence.  The sole purpose of the even was a recruiting platform for Tesla’s AI team. Lex Fridman, presents here a quick video on the main innovations presented at Tesla AI day. (This is Blog Post #1075) Lex Fridman is an AI researcher working on autonomous vehicles, human-robot interaction, and machine learning at MIT and beyond. You can find his MIT Deep Learning and Artificial Intelligence Lectures at deeplearning.mit.edu, and the...