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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