Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
August 14, 2024
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.
- Alleged deployer
- unknown-deepfake-creators, unknown-scammers
- Alleged developer
- unknown-deepfake-technology-developers
- Alleged harmed parties
- elderly-investors, cryptocurrency-users, online-investors, social-media-users, retirees-seeking-investment-opportunities, steve-beauchamp, elon-musk
Source
Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/795
Data source
Incident data is from the AI Incident Database (AIID).
When citing the database as a whole, please use:
McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.
Pre-print on arXiv · Database snapshots & citation guide
We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.