Charles Hoskinson, a mathematician and cryptocurrency billionaire who founded IOG and the Cardano blockchain, used the X social media platform (previously known as Twitter) to highlight a new significant danger to the cryptocurrency market that has emerged as a result of the recent fast surge in technological advancement.
Credulous cryptocurrency owners may find it easy to part with their investments in light of these recent developments.
Generative AI scams on YouTube emerging
Charles Hoskinson responded to a recent post made by user X, who retweeted another post that showcased a novel kind of deepfake that was created completely by AI.
In the video, Hoskinson himself discusses a phoney ADA giveaway in a tone that is quite similar to the actual Hoskinson’s. The article claimed that many Cardano users will soon lose their ADA and other cryptocurrency assets to these YouTube-based scammers who are becoming more skilled owing to AI. It said: “hat sounds exactly like @IOHK_Charles albeit a bit choppy.”
Regarding Hoskinson, he informed the audience via Twitter that he had anticipated seeing generative AI-based fraud videos aimed at the bitcoin market. He predicts that these deepfake films “will be dramatically better” and that very few people would be able to “distinguish between reality and the AI fiction” in a year or two.
https://x.com/IOHK_Charles/status/1735500795569701048?s=20
Commenters from the Cardano community concurred that dishonest people will probably employ AI-generated movies frequently in the future; some even expressed fear about the condition of AI in the future. Some also underlined the need for verification techniques to discern real individuals from their deepfake counterparts on the Internet.
AI products getting sophisticated
Meanwhile, the field of artificial intelligence is expanding at a startling rate. According to experts, artificial intelligence will grow strong enough in a few years to take the place of people in certain tasks that computers were previously unable to perform, such as coming up with novel ideas for a variety of applications.
One of them is Elon Musk, who recently acknowledged that in around three years, artificial intelligence (AI) would surpass human writers in book writing, generate whole new scientific discoveries, and do a host of other tasks.
