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Deepfake Hacker's $11M Crypto Jackpot: The Heist of the AI - AI MOJO NewsLetter

Deepfake Hacker's $11M Crypto Jackpot: The Heist of the AI - AI MOJO NewsLetter

Aliakbar Fakhri
June 20, 2024

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TOP AI NEWS OF THE WEEK 🤖🤖

1. Deepfake AI Scammers Steal $11M from OKX Crypto Exchange🪙🪙

In a shocking crypto heist, deepfake AI scammers stole $11 million from an OKX trader's account, highlighting the growing threat of AI-powered fraud. The incident, along with Zipmex's regulatory troubles in Thailand, underscores the urgent need for enhanced security measures and collaboration between crypto exchanges, cybersecurity firms, and authorities to combat deepfake scams and ensure investor protection.

2. Meta Halts AI Training in Europe Amid Regulatory Scrutiny💶💶

Meta, Facebook's parent company, has temporarily halted its plans to train AI models using European users' data amid regulatory scrutiny over potential GDPR violations. Privacy advocates raised concerns about lack of consent and difficulty opting out. Meta expressed disappointment but paused the initiative, underscoring the challenges of balancing AI innovation with data privacy compliance.

3. Microsoft Delays AI Recall Feature Over Security Risks🚫🚫

Microsoft postpones the release of its AI-powered Recall feature, designed to track computer usage, due to security risks and privacy concerns. The tool, initially planned for Copilot+ PCs on June 18, will now undergo testing through the Windows Insider Program. Experts warn of potential data breaches, prompting Microsoft to enhance security measures and make Recall opt-in.

4. Amazon Commits $230 Million to Fuel Generative AI Startups📦📦

In a strategic move, Amazon Web Services (AWS) announced a $230 million investment to support generative AI startups worldwide. The AWS Generative AI Accelerator program will provide up to $1 million in AWS credits, mentorship, and resources to 80 promising early-stage companies leveraging cutting-edge AI technologies across various industries. This initiative positions Amazon as a key player driving innovation in the transformative generative AI landscape.

5. OpenAI, Oracle, Microsoft Unite for AI Compute Power💻💻

OpenAI partners with Oracle and Microsoft to boost AI compute power, leveraging Oracle Cloud Infrastructure (OCI) alongside Azure. This strategic alliance aims to scale OpenAI's generative AI services like ChatGPT, meeting surging demand. OCI's advanced AI capabilities, including NVIDIA's powerful chips, enable efficient model training and deployment for natural language processing, computer vision, and more. The collaboration highlights the tech giants' race to lead the AI revolution.