Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
Description
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.
Actors
Alleged Deployers
- scammers
- deepfake-creators
Alleged Developers
- deepfake-technology-developers
Harmed Parties
- elderly-investors
- cryptocurrency-users
- online-investors
- social-media-users
- retirees-seeking-investment-opportunities
- steve-beauchamp
- elon-musk
Classification
Risk Domain
Malicious Actors & MisuseRisk Subdomain
4.3. Fraud, scams, and targeted manipulation
MIT Risk Profile
Source
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Research Papers on This Topic
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AgentHarm: A Benchmark for Measuring Harmfulness of LLM Agents
Regulating ChatGPT and other Large Generative AI Models
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