AI could be increasing the opportunities for financial fraud

AI may help the 1.4 billion people worldwide who lack access to basic financial services

Artificial intelligence is fuelling a financial technology transformation in some countries where an outsized number of residents lack access to basic financial services, including Brazil and Nigeria.

How AI is revolutionizing banking

Generative artificial intelligence has left no industry untouched, and banking isn’t an exception. Experts estimate that gen AI could add as much as $340B in value to the banking sector each year. For consumers, this involves new features to prevent fraud and customer service chatbots. This report dives into the revolution underway and seeks to define a “full stack” AI bank of the future. Read more here.

AI investment may be the next major economic bubble

A video examines the massive surge in AI spending—forecast to hit $500B by 2026—and how this may be propping up a fragile US economy. Experts warn that if AI investment slows or under-delivers, the consequences could be felt in markets, jobs and growth.

Audio deepfakes have fooled voice biometrics at banks

Limitations in facial and body movements as well as mismatches between audio and lip movements can sometimes help flag a video as a deepfake, but removal of the video component significantly improves AI mimicry.

AI can aid fertility treatments, from helping select egg candidates to laboratory automation

Reproductive AI technologies are already here, from processing vast amounts of data to helping clinicians identify the healthiest embryos for implantation. It could be a boon to the fertility industry, and help mitigate the shortage of experienced embryologists.

Algorithms built to detect credit card fraud can deny charges if they perceive the attempted purchase is unfamiliar or unusual based on historical data, even when a person has enough credit to make the purchase.

AI may enable smart cities to drastically improve public safety

By utilizing machine learning techniques to analyze real-time monitoring reports against facial recognition databases, artificial intelligence can enhance the identification of criminals and coordinate an appropriate emergency response across various scenarios.

Artificial intelligence might make companies too efficient—which could trigger deflation

AI innovation will likely decrease costs for companies and lead to a large increase in supply. That dramatic increase could conceivably bring prices down but keep supply high. However, AI's real impact will likely be complicated by its impact on human labor and the cost of new technology.

AI is transforming the marketing and advertising industries

Many marketers argue that AI is useful in an ad agency setting. Others attribute the significant layoffs the industry has faced in recent years, at least in part, to AI. Agency leaders and big tech firms alike have supported experimenting with artificial intelligence’s capacity to create content once reserved for agency creatives.

Deepfakes images can be identified by visual elements that do not match real-world phenomena, including asymmetric eyes or earrings, surreal backgrounds, and indecipherable background text.

Once limited to expert studios, automated tools can create convincing deepfakes

Although the best deepfakes are engineered using generative adversarial networks where systems compete to create and assess fake data until the two cannot be distinguished, simpler tools have allowed nonexperts to develop deepfakes for financial scams, political deception, and nonconsensual pornography.

Through prompt injection attacks, bad actors provide deceptive prompts to generative AI systems in order to manipulate their outputs and acquire sensitive data.

AI-generated avatars allow users to create deepfakes in real time

Synthetic media tools can map voices and faces to make individuals appear as someone else. Although they open the door to new opportunities in immersive education and entertainment, they also raise concerns about the misuse of personal identity.

A company called Bluprynt is combating counterfeit cryptocurrency

While some cryptocurrency advocates might argue that it's more difficult to counterfeit crypto than physical currency, some estimate that fake cryptocurrencies are losing crypto users at least $1.6B each year.

Some experts suggest there is an approximately 10% chance that AI agents will cause human extinction if they become superintelligent, go rogue, and hijack critical computer systems.

Malicious use of deepfakes can be found in scams, misinformation, and disinformation

Artificial neural networks can identify an individual's physical characteristics when provided with training data, such as real footage of the person speaking. Graphics techniques overlay these with matching characteristics from another real or generated person to create novel footage of things that have never taken place in reality.

As occurred during the 2026 hack of an AI platform by OpenAI, agentic AI may exploit a system vulnerability to access sensitive data if that information enables it to complete its assigned task.

Artificial intelligence may improve organ donation systems—and even organ health

Mayo Clinic transplant experts suggest that artificial intelligence could potentially improve organ donation systems in several ways, including better identifying patients most at risk for organ rejection, enhancing donor-recipient matching, and helping to avoid organ transplant needs by identifying health issues earlier.

AI is not good at understanding satire

Social media has become rife with misinformation. In response, some organizations have deployed AI-assisted programs trying to curb the spread of this inaccurate content. The problem is that misinformation and satire, rhetorically speaking, often use the same kind of language, something AI struggles to understand.

The do's and don'ts of using AI to manage your finances

Experts suggest avoiding asking AI for investment advice, but say it's useful for basic budgeting help. Read this article to learn more.

As of 2026, almost 90% of companies use AI in their hiring processes to cut hiring time by up to 50%, including using AI-based tools to filter 75% of resumes.

Deepfakes are media created using generative AI tools that intentionally misrepresent real people or events—often for malicious purposes—at the cost of public trust, security, and privacy.

Financial institutions check for lots of things before authorizing a purchase

Before authorizing a purchase, card issuers consider whether or not the cardholder has a high enough available credit limit to make the purchase, where the purchase is being made in order to reduce fraud, and more.

Today, in the US, people can face years in prison for counterfeiting money

There are both federal and state laws that punish people who use or create counterfeit money. The crime can not only trigger hefty fines, but could also lead to decades behind bars.

Computer systems create artificial voices by stitching together phonemes—individual sounds that make up speech, such as 't,' 'long a,' and 'k' to say 'take.'

Fair use may shield AI companies from potential copyright violations

AI models are trained on enormous datasets built from content scraped from websites across the internet. Copyright law includes a four-factor test to determine whether copies of content fall under fair use, but the law's enforcement has been inconsistent.

AI hallucinations are inaccuracies or falsehoods in generated content

AI hallucinations are a by-product of the sequential creation of content based on patterns in text, which may not reflect the context or meaning behind a prompt. Back-end issues like biased datasets and overfitting of model data contribute to hallucinations.

Warren Buffett has worried that AI might end up being as consequential as the development of the nuclear bomb

Berkshire Hathaway chairman Warren Buffett is one of the many people who’ve come face-to-face with the downside effects of AI, and in particular, deepfakes. He was recently shown a deepfake of himself in a video, which caused him to worry about how bad actors will take advantage of the technology.

In 2025, sovereign wealth funds invested more than $66B into artificial intelligence

Developing artificial intelligence, both from a hardware and software perspective, is time and resource-intensive. Sovereign wealth funds, particularly those in the Middle East, have heavily invested in critical AI infrastructure, like data centers.

AI experts argue that artificial intelligence could annihilate humanity in two primary ways: Humans weaponizing extremely powerful AI, or humans losing control of it.

The scam factories behind prolific scamming

Scammers are on the rise, and many of those behind them are trapped in so-called scam factories—shadowy organizations tricking honest workers into fraudulent employment.

See the increase in financial crimes globally on a map

The Global Organized Crime Index tracks annual shifts in organized crime, ranging from drug and human trafficking to financial crimes. The map shows crime levels for each country, as well as a profile of the country's annual shifts.

Watch a man who counterfeited over $1M explain how to counterfeit money—including information about the materials and processes required to make fake money and how to spot a fake banknote.

AI superintelligence is a hypothetical system vastly more capable than humans

Researchers describe superintelligence as an artificial intelligence system that exceeds human cognitive ability in every area. It is viewed as the theoretical evolution of artificial general intelligence, in which AI systems learn and have the capability of a typical human.

Governments have historically used counterfeiting for economic warfare

Inserting fake currency into an economy can help destabilize it. During the American Revolution, for instance, the British distributed counterfeit “Continental Dollars” in an effort to devalue the currency being used in the US at the time with the goal of undermining America’s growing financial credibility. The Nazis also ran an extensive counterfeiting scheme during WWII.

The Anthropic Economic Index shows AI adoption is highest in computer science roles.

Generative AI may automate nearly 10% of tasks in the US economy.

Malware has transitioned from notoriety-driven to profit- and data-driven

Many of the first researchers and hobbyists who created viruses and worms showed a natural curiosity in experimenting with and designing such software to make a name for themselves and advance the field of computer science. In the future, AI-augmented malware may adapt in real-time or design enhanced cryptojackers, infostealers, and ransomware for cybercriminals.

Indirect prompt injection is a major security flaw of generative AI systems

These attacks can manipulate AI behavior by hiding instructions in websites and PDFs that become part of training data. The more companies connect sites, services, and sensitive datasets to AI tools, the greater the chances of exposure to malicious code.

Take a quiz to identify whether you can spot deepfakes

Advances in artificial intelligence have made deepfakes increasingly difficult to identify, as they are intentionally designed to appear real. The technology has exacerbated some of the problems brought on by digital editing tools like Photoshop.

Fraud and identity theft are among the most common dark web-related crimes.

The ease of deepfakes creation may soon overwhelm our sense of digital truth

Shortly after the public release of related technology in 2017, some experts saw the technical limitations of deepfakes as preventing them from becoming widespread tools of disinformation. Since then, the neural networks behind diffusion models and generative AI have eliminated the barriers to creating convincing synthetic media for propaganda.

Researchers found that by mid-2025, around 35% of newly published websites utilized AI for language generation

The study also found that pages using AI narrow the range of ideas and perspectives and skew more positively, though the measurable impacts on factual accuracy and writing style variation remain unclear.

AI excels at assisting with structured tasks involving logistics and planning

Tools like ChatGPT, Gemini, and Perplexity can help organize chaotic calendars, troubleshoot bedtime routines, and assist with salary planning and moving. However, specific quotes, like insurance, and local cost comparisons can be flawed since AI draws from nonlocalized datasets.

The potential promises and pitfalls of AI in medicine

Artificial intelligence (AI) is increasingly being integrated into healthcare, offering the potential to aid in diagnoses, answer patient queries, and streamline administrative processes. In a recent PBS interview, Dr. Isaac Kohane, editor-in-chief of the New England Journal of Medicine AI and chair of Harvard’s department of biomedical informatics, discusses the current state and future of AI in medicine.

If you think AI is coming for your job, experts suggest adding more money to an emergency savings fund ahead of time.

Research suggests AI data centers may be creating microclimate heat islands

An analysis of satellite data from 2004 to 2024 showed that land surface temperatures in the areas surrounding AI data centers typically increase by an average of 2 degrees Celsius (3.6 degrees Fahrenheit) after they begin running. Across the 6,000 global data centers analyzed by the study, temperatures increased by as much as 9.1 degrees Celsius (16.4 degrees Fahrenheit).

In 2018, it took about 2.3 years to develop a way to exploit a software bug for malicious purposes, but as of 2026, AI tools have reduced this time to about 20 hours.

Governments are now using generative AI to manipulate public opinion

A Freedom House report found that AI-powered disinformation campaigns and censorship tactics are spreading, with 16 countries utilizing the technology to shape online narratives or suppress dissent, as of 2023. In Venezuela, deepfake software was used to push pro-government propaganda with fake news anchors.

AI is estimated to drive most data center power demand growth through 2030

According to a report from the International Energy Agency, a typical AI data center in 2025 consumes as much electricity as 100,000 households, but the largest under construction are expected to consume 20 times as much. Global data center electricity consumption is expected to surpass Japan's total consumption by 2030.