Bad actors make a mess of capitalism. Deepfake creators are taking advantage of AI capabilities available in the market to scam companies.
In particular, AI programs can now imitate actual voice patterns of individuals to create phony, over the phone instructions to companies to do something for a supposed customer.
Banks and financial service companies are among the first to be targeted. Companies providing voice activated access to personal accounts could expose depositors to theft.
OpenAI has showcased technology that can re-create a human voice from a 15-second audio clip. But, thoughtfully, OpenAI said it would not put the technology on the market until it has more information on potential misuse.
Bad actors could also use AI to generate fake driver’s licenses to set up online accounts.
Could it be that we really do need “morals” in capitalism to protect the common good, that self-interested, short-term money profiteering is an unreliable road leading to increasing the wealth of nations?