Deepfakes of Elon Musk are contributing to billions of dollars in fraud losses in the U.S.
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- Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
event | 16 Dec 2024 | 82%
Scammers used AI to create deepfake videos of Elon Musk promoting fraudulent investment opportunities. Over time, these scams have reportedly led to billions in investor losses. The deepfakes also use voice cloning technology. They have been distributed on social media and YouTube. In particular, they target the elderly, such as 82-year-old Steve Beauchamp, to invest significant sums. Despite efforts by platforms to remove these videos, the scams continue to proliferate.