Newsletter #005
Gene Da Rocha MSc BSc (Hons)
May 3, 2024
Hello everyone,
I hope this message finds you well and that you're all gaining more knowledge about AI and related subjects.
My primary focus is on AI technology news, given the rapid pace of change in the field. I also cover seed financing to highlight the substantial investment opportunities available. Additionally, I have a keen interest in AI retail, drawing from my experience at companies like Volvo, Selfridges, and CarPhone Warehouse, among others.
I'm particularly interested in exploring how AI can enhance the customer experience, streamline the creation of new products and apps, and encourage greater participation in the AI industry.
if you want me to include a particular topic or subject, please comment or message me via Linkedin.
News on Seed Financing
Baselayer raises a $6.5m seed round to redefine business risk with AI risk engine FinTech Global Baselayer, a B2B platform utilising proprietary Graph AI technology, has officially emerged from stealth mode, securing a $6.5m seed round.
Ransomware Defense Startup Mimic Raises Hefty $27M Seed Round - SecurityWeek SecurityWeek A new Silicon Valley startup called Mimic comes out of the shadows with a hefty $27 million seed round led by Ballistic Ventures.
Remepy Closes $15M Seed Funding - FinSMEs FinSMEs Remepy, a New York-based hybrid drugs developer, closed a $10M seed funding round, which, together with earlier funding, totalled $15M. The round ...
Top VCs Join EYWA's Seed Round Led by Curve's Founder - Yahoo Finance Yahoo Finance They joined a seed round alongside Big Brain Holdings, Marshland Capital, Mulana Capital and others. EYWA and Curve are working together to ...
News on AI Retail
Estee Lauder teams up with Microsoft on generative AI for R&D and marketing Digital Commerce 360 The beauty retailer said it created a generative AI chatbot that can help marketers quickly create new marketing campaigns.
Zack Kass, Former OpenAI Leader, Urges Retail Execs To Champion AI - Forbes Forbes Zack Kass, Former OpenAI Leader, has a big vision when it comes to the impact of AI
Revolutionizing Retail With Seamless Omnichannel Shopping - Forbes Forbes Connecting Retail Experiences Across Channels with AI-Powered Personalization. The retail landscape is evolving, but recent trends reveal
Sam's Club deploys AI tech at 120 stores to check receipts at exits - Austin American-Statesman Austin American-Statesman Sam's Club is launching new AI technology, which verifies customer receipts and makes the checkout process more efficient.
News on AI Technology
Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain | Reuters Reuters, The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence
How To Build Trust In The Age Of AI - Forbes Forbes Mobile phone with artificial intelligence hand hologram for future technology in cyberpunk theme. Artificial intelligence is already changing
How open source AI could pose opportunities for tech-savvy marketers - Ad Age ... AI illustration. Developers are publishing open-source code for their AI models. Credit: Adobe stock. AI technology is typically a black box to anyone
'We must also confront the dark side of AI': Japan PM unveils international framework to rein ..AI on Thursday, adding to global efforts on governance for the rapidly advancing technology. Kishida announced in a speech
(sources: Google Alerts)
Deeper Deepfakes in AI Are Changing Privacy and Security Forever
AI is getting more intelligent, and the use of deepfakes may encourage more issues now. Here, we'll dive deep into how the progress of AI-powered deepfake technology is redefining the lines between reality and fiction, impacting security in ways we never anticipated.
The Rise of Deepfakes
You must have heard of deepfakes. They're essentially videos or audio recordings that look and sound like the real thing but are cleverly crafted using advanced AI algorithms. Initially, they were just a cool technological novelty, showing us amusing mashups of celebrity faces on different bodies. But as the technology has advanced, so has the potential for misuse.
How Deepfakes Work
At the core of a deepfake creation is machine learning, specifically a type called "generative adversarial networks" (GANs). These networks pit two AI algorithms against each other: one creates the fake, and the other judges it. Through continuous feedback, the creator improves until the judge can’t tell the real from the fake.
Examples in the Wild
Remember seeing that video floating around social media that featured a well-known politician saying something outrageous? There’s a good chance it was a deepfake. It's not just about swapping faces anymore. We can now synthesize voices and even expressions to an uncanny level of accuracy.
Privacy Concerns
With technology, this powerful, privacy flies out the window. Imagine someone creating a convincing video of you saying or doing something you never actually did. Sounds scary, right?
Personal Identity at Risk
Your image, your voice, are yours—until they're not. Deepfakes can put you in situations you’ve never been, saying things you’ve never said. How do we protect our identity when it can be mimicked so perfectly?
The Data Problem
To create a deepfake, you need data, and lots of it. Photos, videos, voice recordings—the digital footprints we leave all over the internet are the building blocks for deepfakes. This means almost everyone's data could potentially be used without their permission.
Security Implications
Misinformation and Fake News
In an era where fake news can spread like wildfire, deepfakes are like throwing gasoline on the flames. Imagine how misinformation could be weaponized during crucial times like elections or public health crises.
Corporate Espionage
Consider this: a high-level executive appears in a leaked video discussing insider secrets or controversial opinions. Even if it’s later proved to be a fake, the initial damage could be irreparable.
What's Being Done
Thankfully, the fight against deepfakes isn't a lost cause. Researchers, tech companies, and governments are all stepping up their game.
Detection Tools
AI that can create deepfakes is impressive, but so is AI that can detect them. Detection tools are constantly evolving, getting better at spotting the subtle tells of a deepfake.
Legal and Ethical Measures
Countries are beginning to draft laws tailored to combat the misuse of deepfake technology, ensuring there are legal repercussions for creating and distributing harmful fakes.
Conclusion: A Call to Awareness and Action
The technology behind deepfakes is here to stay and will continue to evolve, just as our approaches to privacy, security, and ethical use must adapt. As we stride forward into this brave new world, staying informed and vigilant is more crucial than ever. Let’s tackle these challenges head-on, ensuring our digital and real-world identities remain protected. What steps will you take to understand and confront this emerging tech? Your thoughts and actions could help shape the future of our digital society.
Are you concerned about security? Deepfakes add a whole new layer to worry about. From politics to business, the potential for harm is vast.
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