Tech firms fight to stem deepfake deluge
Ever-improving generative artificial intelligence (GenAI) tools have become weapons in the hands of bad actors intent on tricking people out of their money or even their identities.
Debby Bodkin tells of her 93-year-old mother receiving a telephone call, a cloned voice claiming, "It's me, mom... I've had an accident."
When asked where they were, the machine-made impersonator named a hospital.
Fortunately, it was a granddaughter who answered the phone, opting to hang up and call Bodkin at work where she was safe and well.
"It's not the first time scammers have called grandma," Bodkin told AFP. "It's daily."
Such deepfake phone scams typically go on to coax victims into paying for medical care or other made-up emergencies.
Used on social networks to hijack the notoriety of celebrities or other high-profile figures, sometimes for disinformation, deepfakes are also being exploited by criminal gangs.
Hong Kong police earlier this year revealed that a multinational firm employee was tricked into wiring HK$200 million (around US$26 million) to crooks who staged a videoconference with AI avatars of his colleagues.
A recent study by identification start-up iBoom found that a scant tenth of one percent of Americans and Britons were able to correctly tell when a picture or video was a deepfake.
A decade ago, there was a single AI tool for generating synthetic voices -- now there are hundreds of them, according to voice authentication specialist Vijay Balasubramaniyan, CEO of Pindrop Security.
GenAI has changed the game, he said.
"Before, it took 20 hours (of voice recording) to recreate your voice," the executive told AFP.
"Now, it's five seconds."
Firms such as Intel have stepped up with tools to detect GenAI-made audio or video in real-time.
Intel "FakeCatcher" detects color changes in facial blood vessels to distinguish genuine from bogus imagery.
Pindrop breaks down every second of audio and compares it with characteristics of a human voice.
"You have to keep up with the times," says Nicos Vekiarides, chief of Attestiv platform which specializes in authenticating digital creations.
"In the beginning, we saw people with six fingers on one hand, but progress has made it harder and harder to tell (deepfakes) with the naked eye."
- 'Global cybersecurity threat' -
Balasubramaniyan believes that software for spotting AI content will become standard at companies of all kinds.
While GenAI has blurred the boundary between human and machine, companies that re-establish that divide could soar in a market that will be worth billions of dollars, he said.
Vekiarides warned that the issue "is becoming a global cybersecurity threat."
"Any company can have its reputation tarnished by a deepfake or be targeted by these sophisticated attacks," Vekiarides said.
Balasubramaniyan added that the shift to telework provides more opportunity for bad actors to impersonate their way into companies.
Beyond the corporate world, many expect consumers to look for ways to fight off deepfake scams endangering their personal lives.
In January, China-based Honor unveiled a Magic7 smartphone with a built-in deepfake detector powered by AI.
British start-up Surf Security late last year launched a web browser that can flag synthetic voice or video, aiming it at businesses.
Siwei Lyu, a professor of computer science at the State University of New York at Buffalo, believes "deepfakes will become like spam," an internet nightmare that people eventually get under control.
"Those detection algorithms will be like spam filters in our email software," Lyu predicted.
"We're not there yet."
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Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. Novo Nordisk (NVO) missed estimates on the top and bottom lines for the second quarter, sending shares about 2.5% lower in premarket trading. The company reported earnings per share of $5.96, falling short of the $6.06 earnings per share Wall Street expected. Revenue barely missed estimates, coming in at $11.95 billion versus estimates of $11.97 billion. Novo Nordisk reported overall sales rose 16% year over year. Yahoo Finance's Anjalee Khemlani reports that its two blockbuster diabetes and weight-loss drugs — Wegovy and Ozempic — brought in about two-thirds of total revenue reported in the quarter, or $7.9 billion. Anjalee writes: Read more here. McDonald's stock rises after company reverses US sales slump McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. McDonald's (MCD) reported a return to sales growth in the second quarter, as global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase. US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter and above estimates of 2.3%. US same-store sales fell 0.7% in the same quarter last year. McDonald's stock rose 3.6% in premarket trading. Yahoo Finance's Brooke DiPalma reports: Read more here. Disney lifts profit outlook as parks, streaming drive Q3 earnings beat Yahoo Finance's Allie Canal reports: Read more here. Yahoo Finance's Allie Canal reports: Read more here. Honda Q1 profit halves on tariffs, but raises outlook Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. Shares in Honda Motor (HMC) rose 2% premarket after the automaker reported a 50% drop in first-quarter operating profit on Wednesday as a stronger yen and the impact of US President Donald Trump's tariffs took its toll, but the company raised its full-year forecast. Reuters reports: Read more here. 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Trump calls for Intel CEO to 'resign immediately'
President Trump early Thursday called for the resignation of Intel CEO Lip-Bu Tan in a post on social media. "The CEO of INTEL is highly CONFLICTED and must resign, immediately," Trump wrote on Truth Social, the social media platform he owns. "There is no other solution to this problem. Thank you for your attention to this problem!" Tan was named Intel's CEO back in March, taking over from Pat Gelsinger's tumultuous tenure that saw the company's stock fall and the chipmaker fall behind in the AI race. Investors cheered Tan's appointment, with the stock rising as much as 15% after the news. Intel stock fell over 3% following Trump's post. In April, a Reuters report detailed Tan's wide-ranging investments in Chinese companies made through his VC firm, with the outlet finding that Tan's firm, Walden International, "remains invested in 20 funds and companies alongside Chinese government funds or state-owned enterprises, according to Chinese corporate databases." Trump's post came a day after one of his top allies in the Senate, Republican Tom Cotton, wrote a letter to Intel's board chair questioning Tan's China ties. "Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations," Cotton wrote, pointing to Intel's nearly $8 billion grant from the CHIPS Act. "Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations." This is breaking news. More to come. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data