URGENT A.I. Fraud Alert: The Terrifying Truth About Artificial Intelligence and Why We Need to Act Now

REAL ESTATE NEWS (Los Angeles, CA) — Imagine a close relative calling you on the phone, in deep trouble. They need a substantial amount of money, and need it now. After you quickly, dutifully send the money, you call them to see how they are doing, if they received the money — but they don’t know what you are talking about. Pure confusion, followed by astonishment, hurt, anger and embarrassment set in as you come to realize that you’ve been duped by a fake call from a scammer who used artificial intelligence to mimic the voice of your loved one.

The same technology can now be used to impersonate a property owner, home buyer, seller, renter, landlord or investor. It can impersonate your escrow officer, tricking you into wiring $100,000 to an imposter. Similar a.i. scam tactics are sure to be used in myriad real estate frauds as soon as 2023. Artificial Intelligence is just as transformational, it not more so, than the internet has been. But AI is happening much, much faster. The possibilities for deception and danger are unlimited, even life-threatening. So far, the only people killed by AI have been negligent, careless users such Tesla Auto Pilot drivers who failed to pay attention. But the threat is skyrocketing. As AI is given more control of more things, bad guys are sure to weaponize these powerful tools in every way possible.

Trust no one!  Trust nothing!  Be ready for anything!

The Loft Blog has been leading the way in the effort to prevent real estate fraud in Los Angeles for more than 10 years. We’ve helped put several fraudsters behind bars, and we’ve hopefully prevented many more frauds from occurring. Today, we’re faced, not only with an explosion of fraud in general, but now an impending atom bomb of illegal deception and theft — an even more sinister kind of new fraud that uses unimaginably powerful technology of Artificial Intelligence in emails, text, messages, videos and phone calls.

It’s happening very, very fast! In just just the past few months, text and illustration AI services such as ChatGPT and MidJourney have transformed from impressive but janky illustrations to smooth, lifelike letters and convincing photographic quality to compete with master artists and authors. As artificial intelligence continues to advance exponentially, it’s becoming increasingly clear that we are entering a new era of technology that will have far-reaching implications for society. In this blog post, we’ll examine the power of AI and explore why it’s so important for us to collectively think about the future of this technology.

First, let’s consider the current state of AI. Artificial Intelligence is now capable of generating incredibly complex and sophisticated language, pictures, videos and sound, which has far-reaching implications for everything from online content to job automation. As AI continues to advance, we can expect to see even more dramatic changes to our economy, our social interactions, and the way we think about ourselves and the world around us.

In this Youtube video, a young lady shows how easily an AI video filter not only applies her flawless lifelike virtual make-up on the fly, but even adds lip filler and other improvements to create an instant stunning supermodel face that would have otherwise required numerous plastic surgeries. With Deep Fake and social media video chat filters, anyone can now easily pretend to be anyone else.

This rapid progress has also created a number of risks and uncertainties. AI is becoming more powerful and more autonomous, which means that it’s increasingly difficult for humans to control or predict how it will behave. There are also growing concerns about issues like bias, privacy, and security, which are becoming more pressing as AI becomes more pervasive.

Given these challenges, it’s not surprising that many experts are calling for a more concerted effort to address the risks of AI. This will require a multifaceted approach that involves everyone from policymakers and academics to tech companies and individual users. We need to work together to develop a shared understanding of the risks and opportunities of AI, and to develop effective strategies for managing these risks.

One of the key challenges in managing the risks of AI is the fact that this technology is rapidly advancing, making it difficult to keep up. We need to be aware of the likelihood of startling exponential growth in AI capabilities, which are creating unexpected risks and challenges. To address this, we need to develop new ways of thinking about the long-term implications of AI and to invest in research and development to help us stay ahead of the curve.

As warned by Elon Musk, the existential threat of this monstrous technology calls for greater public engagement with AI. We need to create more opportunities for democratic debate and dialogue about the future of AI, so that we can develop a shared vision for what we want this technology to look like. This will require a concerted effort to engage a wide range of stakeholders, from policymakers and academics to ordinary citizens who will be impacted by AI in various ways.

We must instantly learn to recognize that we are all responsible, not just for protecting ourselves and our loved ones, but we’re also responsible for the future of AI. If you’re involved in developing or using AI, you have a responsibility to help manage its risks and ensure that it is used in ways that benefit not only your own group, but society as a whole. This will require a collective effort that involves everyone from technologists and policymakers to individual users and consumers.

The rise of AI is one of the most important technological developments of our time, and it will have far-reaching implications for the future of our society. While there are many challenges associated with AI, from bias and security to privacy and control, there are also many opportunities, from medical breakthroughs to new ways of solving social problems. To navigate this complex landscape, we need to work together to develop a shared understanding of the risks and opportunities of AI, and to develop effective strategies for managing these risks. This will require a collective effort that involves everyone from policymakers and academics to tech companies and individual users, and it will require ongoing dialogue and engagement with the public to ensure that AI is used in ways that benefit us all.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Starting a Business and Moving? How To Tackle Both Jobs

Photo: Ketut Subiyanto via Pexels

Photo: Ketut Subiyanto via Pexels

Are you thinking of starting a business? There’s no time like the present. According to Apollo Technical, entrepreneurship is on the rise and shows no signs of slowing. Unfortunately, your current home might not be the best fit if you need more space for your new or developing company. Moving and starting a business are difficult tasks — taking them on simultaneously requires some finesse and a few important steps. Here, LA Loft Blog presents some tips for accomplishing both in style.

Find Your New House/Company Headquarters

Before you go house shopping, make a list of your must-have features. Your needs will vary according to the industry in which you work. An auto repair shop will have very different requirements than, say, a financial consulting business. Some things to consider include:

  • Zoning laws in your city or county
  • Noise ordinances
  • A separate entry and parking spaces for clients
  • Inventory storage space
  • Adequate room for your company to grow

You should also evaluate your family’s requirements during your house hunt. Do you need fences, railings or locked doors to keep children safe? Will your video calls disturb a sleeping spouse working the third shift? Parents magazine suggests talking to your family about their must-have lists — it can help keep the peace if anyone has qualms about moving. Once you know what you really need, then it’s time to start looking!  

If you’re looking for an LA loft for your business or home, check out the LA Loft Blog. It is filled with valuable loft-related information, from units for sale and lease to tours and tax benefits. 

Move Into the New Place

Once you’ve discovered the perfect house to live and work, it’s time to get moving. You probably have limited time if you are already working in your new company, so it’s good to have some tips for moving in a hurry:

  • Hiring movers is always your preferred option. Hiring professionals can make the relocation process much smoother and reduce stress on you and your family, as they will take care of the heavy lifting and transportation.
  • Make a moving checklist. It will help you stay focused and organized during a crazy work day. Create a time frame for each item on your list.
  • Remember to take care of tasks beyond packing: switching school districts, shutting off utilities, finding a new physician if you’re moving far away, etc.
  • Pare down your possessions as much as possible. Moving is easier when you have less to pack.
  • Get your family and friends to pitch in. Bribe them with food if necessary.

Create Your Business Plan

Do you know the first step to a successful business? It’s writing a business plan. A well-structured business plan improves your chances of succeeding. It includes the following:

  • Company description
  • Outline of how you sell your product or services
  • Your chosen business structure
  • Required funding
  • Financial projections for your first year

A business plan is just one important step in launching your venture. But there is plenty more to do, including conducting market research and setting up a financial plan. Make sure you have everything in place before proceeding.

Form an LLC

Forming an LLC can provide a number of benefits, including limited personal liability, tax flexibility, and increased credibility with customers and vendors. Additionally, it’s often simpler to form and manage than other types of business entities. You can learn about the steps needed to form an LLC in California, or you can hire a formation service to handle registration.

Organize Your Office Space

Once you’ve written a business plan, it’s time to think about getting your new workspace organized. You must plan your home office, including equipment, furniture and lighting.

Your digital space needs organizing, too. You can use online tools to assist with this job. They can help you file, manage and store your critical business documents. Digitizing your records makes it easier to move and start a business simultaneously (less paperwork = fewer boxes to move).

Start Marketing Your Business

You have the hardest (and least fun) parts of the process completed. Now it’s time to draw in your customers! Make sure that you have a professional looking website that clearly conveys what products and services you provide. Incorporating infographics into your website can be a great way to break up long-form content and create visual interest. They are also an effective way to communicate complex ideas in a simple and easy-to-understand format. If you want to create an attractive infographic, you can use online tools that let you choose from a variety of customizable infographic templates

Go Back to School

If entrepreneurship is new for you, consider taking some online classes to help you learn the ins and outs of the business aspect. This may help you to get your business off to a strong start. Online classes for an MBA will give you experience in marketing, finance, leadership, and data-driven decision making, to name just a few. And since classes are online, you can take them around your current schedule. 

Address Your Plans One Step at a Time

When you have the drive to succeed, you should go for your goals, even if they involve moving while simultaneously starting a business. Start with two solid plans: your moving checklist and your business plan. Then, begin ticking items off of the list. Business formation? Check! Boxes packed? Check! Digital filing system created? Check! Eventually, you’ll have made great progress towards both of your big goals. 

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.