AI-powered project steals $1M from consumers.

A project that is claiming to be a “AI-based” decentralized application has taken almost one million dollars from its users in what is suspected to be a scam. This comes at the same time that artificial intelligence (AI) has recently become a topic of interest due to the capabilities displayed by ChatGPT v4.

At the time of this writing, the blockchain security platform CertiK has just revealed that Harvest Keeper has been responsible for the theft of about $933,000 worth of customers’ money. According to CertiK’s findings, users on the Ethereum, BNB Chain, and Polygon networks have together suffered losses of around 219 thousand dollars as a result of ice phishing transactions. The cybersecurity company pleaded with customers to take back whatever rights they had granted to the initiative and cautioned users to avoid engaging with the organization’s website.

The Artificial Intelligence (AI) initiative known as Harvest Keeper claims that it “optimizes the trading process for maximum payout” and guarantees a return of 4.81% on customer deposits. The platform advertises on its website that it would provide a return on investment of 101% within 21 days and an 8% incentive for referrals. The initiative has more than 32,000 people following it on its Telegram channel and approximately 30,000 people following it on Twitter.

On the other hand, in the midst of the renewed interest in ChatGPT on Twitter, hundreds of profiles on the social platform have arisen with the claim that they are associated with “CryptoGPT.” On March 10, a hashtag dubbed “CryptoGPT” that was related with an ongoing token project was trending on Twitter. As a result of it, a number of accounts that are quite similar to it have appeared, some of which advertise phony freebies. On top of that, dozens of Twitter accounts with the same name have been plaguing the social platform, and some of these accounts have been advertising freebies and airdrops that may or may not be real.

Once the most recent version of ChatGPT shown that it was capable of auditing smart contracts on Ethereum, many people began to wonder whether or not it would one day replace coders. Yet, when asked about this topic at the most recent ETHDubai event, blockchain engineers voiced their confidence that the newest version of the widely used AI tool would not replace developers but rather assist them.

Italy Blocks OpenAI ChatGPT Over Data Breach Concerns

Italy’s data protection agency has temporarily blocked OpenAI’s ChatGPT, an artificial intelligence chatbot, over suspected breaches of data privacy rules. The move comes in response to a recent data breach that the AI platform suffered on March 20. The Italian data watchdog has ordered the immediate limitation of data processing for Italian users by OpenAI, the United States company behind ChatGPT.

In addition to the data breach concerns, the Italian data watchdog has also cited the lack of information for users regarding data collected by OpenAI. The agency noted that there is a lack of legal basis that justifies the mass collection and storage of personal data by the AI as it trained its algorithms. Furthermore, the agency also determined that information given by the AI chatbot doesn’t always reflect real data and there may be inaccuracies in terms of processing personal data.

The Italian data watchdog also highlighted a potential breach of ChatGPT’s own data protection rules. According to the agency, even though ChatGPT limits its use to only people above 13 years old, there is no filter that verifies the user’s age within the application. This means that minors could be exposed to unsuitable content for their developing minds.

Apart from Italy, ChatGPT is also facing criticism and legal action from other parts of the world. The Center for Artificial Intelligence and Digital Policy (CAIDP) filed a complaint against ChatGPT on March 31, attempting to stop the release of powerful AI systems to the masses. The CAIDP described the chatbot as a “biased” and “deceptive” platform which is a risk to public safety and privacy.

ChatGPT, created by OpenAI, is an AI chatbot that uses natural language processing to generate human-like responses. It has gained widespread popularity due to its ability to simulate human-like conversations and generate responses that seem to be personalized to the user. However, this popularity has come with increasing concerns over data privacy and potential misuse of personal data.

OpenAI has stated that it is aware of the concerns raised by the Italian data protection agency and is working to address them. The company has stated that it is committed to protecting user privacy and ensuring that its AI systems are used ethically and responsibly. It has also noted that it is constantly working to improve its systems and address any potential issues or concerns.

In conclusion, the temporary block of ChatGPT in Italy and the legal action against it by the CAIDP highlight the growing concerns over the use of powerful AI systems and their potential impact on privacy and public safety. While AI chatbots like ChatGPT have the potential to revolutionize communication and customer service, it is important that they are used in a responsible and ethical manner, with proper safeguards in place to protect user privacy and prevent misuse of personal data.

Italy Bans Microsoft-Backed AI Chatbot

Italy’s decision to ban the Microsoft-backed AI chatbot, ChatGPT, has caused controversy within the tech industry and the country. The Italian deputy prime minister, Matteo Salvini, criticized the ban as excessive and potentially damaging to national business and innovation.

The ban followed concerns raised by Italy’s national data agency about possible privacy violations and failure to verify the age of users. On Friday, March 31, OpenAI took ChatGPT offline in Italy, making it the first Western country to take measures against the AI chatbot.

Salvini expressed his thoughts on the ban through a post on Instagram, stating that he found the decision of the Privacy Watchdog that forced #ChatGPT to prevent access from Italy disproportionate. He also argued that dozens of services based on artificial intelligence are currently in operation, and therefore, common sense needs to be exercised, as privacy issues concern practically all online services.

Furthermore, Ron Moscona, a partner at the international law firm Dorsey & Whitney and an expert in technology and data privacy, said the ban by the Italian regulators was surprising, as it is unusual to completely ban a service due to a data breach incident.

OpenAI has stated that it adheres to privacy regulations in Europe and is willing to cooperate with Italy’s privacy regulatory body. The company takes measures to minimize personal data when training its AI systems, including ChatGPT, as its goal is for the AI to acquire knowledge about the world, not to obtain information about specific individuals.

While the ban could harm national business and innovation, Salvini hopes that a rapid solution will be found, and ChatGPT’s access to Italy will be restored. “Every technological revolution brings great changes, risks, and opportunities. It is right to control and regulate through international cooperation between regulators and legislators, but it cannot be blocked,” he said.

The AI chatbot is also under scrutiny in other regions worldwide. The Center for Artificial Intelligence and Digital Policy (CAIDP) lodged a complaint against ChatGPT on March 31, intending to prevent the deployment of potent AI systems to the general public. The CAIDP characterized the chatbot as a “biased” and “deceptive” platform that jeopardizes public safety and confidentiality.

In conclusion, the ban on ChatGPT in Italy has created significant controversy within the country and the tech industry. While concerns about privacy and age verification have been raised, the ban has also been criticized as excessive and potentially harmful to national business and innovation. OpenAI has stated that it adheres to privacy regulations in Europe and is willing to cooperate with Italy’s privacy regulatory body. The debate over the regulation of AI chatbots continues worldwide, with concerns about public safety and confidentiality at the forefront.

Coinbase executive discovers ChatGPT jailbreak

An Executive from Coinbase Has Discovered a “Jailbreak” for the ChatGPT AI Tool, Which Predicts Bizarre Cryptocurrency Price Scenarios

Coinbase’s chief of business operations, Conor Grogan, recently made a statement in which he claimed to have found a “jailbreak” for the artificial intelligence application ChatGPT. Grogan published a snapshot of the findings from ChatGPT in a tweet on the 30th of April. The results revealed that the tool had given a 15% likelihood that Bitcoin will “fade to irrelevancy” by the year 2035, with values plummeting over 99.99%. Grogan’s tweet was sent on April 30. Additionally, ChatGPT predicted that there is a 20% chance that Ether will become irrelevant and approach price levels close to zero by the year 2035. Even less self-assured was the tool about Litecoin and Dogecoin, assigning odds of 35% and 45%, respectively, for each currency to fall to a value close to zero.

The artificial intelligence tool known as ChatGPT generates replies to prompts by using natural language processing. Grogan used the program to assign probability to a variety of political forecasts and other situations, including as the influence of AI on humans, the presence of aliens, and religion. A crazy forecast was made on ChatGPT that “aliens have visited Earth and are being covered up by the government.” This prediction was given a chance of 10%.

Grogan is a dedicated user of ChatGPT, and he provided others with a script that replicates the prompt that he used to build the tables. He came to the conclusion that the tool is “generally” a “big fan” of Bitcoin but is “more skeptical” when it comes to other cryptocurrencies.

As a tool for anticipating price movements and other trends in the cryptocurrency field, ChatGPT has gained a significant amount of popularity in recent months. The forecasts that it makes, however, should be taken with a grain of salt since they are based on probabilities and are not a guarantee of the future performance of the asset. Grogan’s discovery of a “jailbreak” also raises the possibility of a security breach since it enables the tool to make more accurate and possibly sensitive predictions.

In general, the use of artificial intelligence technologies inside the cryptocurrency market, such as ChatGPT, sheds insight on the expanding function of technology within the sector. As more traders and investors look to these tools for insights and forecasts, it will be crucial to keep in mind the limits of these tools as well as the possible hazards that they pose.

OpenAI Launches GPT-4 API: A New Era of Chat-Based AI

A major advance in the development of artificial intelligence technology has been signaled by OpenAI’s announcement that its long-awaited GPT-4 API is now available to all paying clients. This event marks a key milestone in the advancement of AI technology.

This change comes following the very successful debut of the ChatGPT API in March, as well as subsequent improvements to the chat-based models.

Since its release in March, the GPT-4 API, which is being hailed as OpenAI’s most competent model, has been seeing significant demand.

Access to the GPT-4 API with 8K context is now available to all previously registered API developers who have a track record of successfully processed payments as of right now.

It is OpenAI’s intention to broaden access to new developers by the end of this month, which will be followed by an expansion of rate limitations in accordance with the availability of compute resources.

In addition to GPT-4, OpenAI is making the GPT-3.5 Turbo, DALL’E, and Whisper APIs accessible to the general public. This action reflects the fact that these models are now ready to be used on a commercial scale.

The conversation Completions API is currently responsible for 97% of OpenAI’s total API GPT consumption, which indicates that the firm is changing its attention away from text completions and toward conversation completions.

OpenAI intends to continue investing in the Chat Completions API since the company is certain that it will provide developers with an experience that is both more competent and simpler to use.

Because OpenAI strongly advises users to switch to the Chat Completions API, this notification serves as a warning that previous versions of the Completions API will soon be phased down.

The business foresees a future in which chat-based models may support every use case, ushering in a new age for the development of artificial intelligence.

ChatGPT Founder's Worldcoin Sees Unprecedented Growth in Spain with AI Boom

Spain has become Worldcoin’s biggest operating market in Europe, according to a recent tweet of Worldcoin. The tweet claimed that more than 20,000 individuals join up for World ID, Worldcoin’s proof-of-personhood mechanism that protects anonymity, each month. This announcement comes just after Spain made substantial advancements in the growth of its artificial intelligence (AI) sector, placing Spain as a possible new hub for the EU’s AI business.

Sam Altman, CEO of OpenAI and founder of ChatGPT, co-founded the cryptocurrency Worldcoin, which has been making ripples in the industry. In a recent Series C fundraising round headed by Blockchain Capital, the business received $115 million, further consolidating its position as a significant player in the cryptocurrency industry.

Using an AI-safe proof of personhood (PoP) credential, Worldcoin’s World ID is a global identification system that enables users to digitally demonstrate their individuality and humanity.

Since World ID’s launch in Madrid a little more than a year ago, more than 150,000 Spaniards have signed up, with over 20,000 new registrations occuring each month. Due to its quick growth, Spain currently has the EU’s fastest-growing Worldcoin market.

The growth of Spain’s AI industry is the reason for World ID’s development there. Since 2020, Spain has reportedly achieved major strides in the development of its AI industry. Modern technology has made it necessary to determine which internet activity in Spain is related to people and which is not. In this situation, World ID is useful.

Adigital and Tech Barcelona, two of Spain’s most significant technology organisations, have joined Worldcoin’s contributing team at Tools for Humanity (TFH), in addition to extending World ID. This action strengthens Worldcoin’s dedication to promoting technical growth and AI that is human-centric.

The goal of Worldcoin, as stated in their official Twitter profile, is to create the biggest financial and identification network on Earth with everyone having the ownership. It seems they are close to attaining this aim based on the exponential expansion of World ID in Spain.

FTC Investigates ChatGPT over Consumer Protection Concerns

The U.S. Federal Trade Commission (FTC) has begun a thorough check into OpenAI, the company from San Francisco that created the well-known AI chatbot, ChatGPT. News outlets The Washington Post reported on July 13, 2023, that this check is to see if OpenAI has gone against laws that keep customers safe, possibly putting their personal reputations and data at risk.

The FTC has issued a 20-page demand for records to OpenAI, seeking to know more about how the company handles possible problems related to their AI models. This government agency is particularly checking if OpenAI has been unfair or misleading, causing damage to people’s reputations.

The FTC’s inquiry extends to a security incident that OpenAI disclosed in March 2023. A bug in OpenAI’s systems had allowed some users to view payment-related information and some data from other users’ chat history. The FTC is probing whether OpenAI’s data security practices in this incident violated consumer protection laws.

The FTC is also seeking information on any research, testing, or surveys conducted by OpenAI that assess how well consumers understand the “accuracy or reliability of outputs” generated by its AI tools. Furthermore, the FTC has requested details about how OpenAI licenses its models to other companies.

This investigation comes in the wake of previous concerns raised about OpenAI’s practices. In March 2023, the Center for AI and Digital Policy (CAIDP) asked the FTC to investigate OpenAI for alleged violations of consumer protection rules, citing that the rollout of AI text generation tools has been “biased, deceptive, and a risk to public safety,” as reported by The Verge.

The CAIDP had pointed out potential threats from OpenAI’s GPT-4 generative text model, including the production of malicious code, highly tailored propaganda, and the potential for biased training data to result in unfair race and gender preferences in areas such as hiring.

The FTC’s investigation into OpenAI represents a significant step in the agency’s ongoing interest in regulating AI tools. It has previously warned that biased AI systems could draw enforcement action. An investigation of OpenAI, one of the major players in the generative AI field, marks a major escalation in the FTC’s efforts.

Worldcoin's Global Identity Protocol Hits 2 Million Sign-ups

Worldcoin, aiming to be largest identity and financial network, led by chatgpt owner OpenAI CEO Sam Altman, as a public utilityan innovative global identity protocol, has announced a significant milestone, reaching 2 million World ID sign-ups during its beta phase. This  achievement was made possible in less than half the time it took to reach the first million sign-ups, indicating the Worldcoin ecosystem’s quick growth and rising demand.

Participants have signed up from cities all around the world, including Barcelona, Berlin, Buenos Aires, New York, Seoul, and Tokyo. On the project’s worldwide tour, Orbs, Worldcoin’s unique biometric imaging devices, have been made accessible for the first time in these places.

With an average of over 40,000 people signing up for a confirmed World ID every week, Worldcoin has seen amazing growth. In the next months, Orb supply is anticipated to rise in response to this spike in demand.

The World ID protocol is gaining traction among various apps and services. Okta’s Auth0, a global authentication and authorization platform, recently integrated “Sign in with Worldcoin,” making it available to tens of thousands of applications and online services. Additionally, Talent Protocol became the first web3 platform in Europe to integrate World ID.

Worldcoin’s recent achievements build upon its history of significant milestones. The company emerged as the largest deployer of Safe wallets on the Polygon blockchain, successfully onboarding 1.2 million self-custodial Safe Smart Accounts. Furthermore, Worldcoin saw unprecedented growth in Spain, becoming the country’s largest operating market with more than 20,000 individuals signing up for World ID each month.

According to official, Worldcoin’s rapid growth and its mission to address the global identity verification crisis underscore its potential to revolutionize the way we think about digital identity and access to financial services. With its innovative approach and commitment to inclusivity, Worldcoin is poised to continue making waves in the blockchain and cryptocurrency space.

OpenAI's CEO Expresses Disappointment Over FTC's Leak, Affirms Confidence in Protecting User Privacy

OpenAI’s CEO Sam Altman has publicly responded to the U.S. Federal Trade Commission’s (FTC) investigation into the company’s AI chatbot, ChatGPT. The FTC’s probe was examining whether OpenAI has breached consumer protection laws, potentially putting users’ personal data and reputations at risk.

In a series of tweets,Sam expressed disappointment over the FTC’s approach, “It is very disappointing to see the FTC’s request start with a leak and does not help build trust.” Despite this, he affirmed OpenAI’s commitment to cooperate with the FTC, emphasizing the company’s dedication to ensuring their technology is safe, pro-consumer, and compliant with the law.

The FTC’s investigation into OpenAI includes a review of a security incident disclosed by the company in March 2023. A bug in OpenAI’s system had allowed some users to view others’ payment-related information and chat history. The FTC has issued a 20-page demand for records, seeking more information about OpenAI’s handling of potential issues related to their AI models.

OpenAI’s CEO highlighted the company’s rigorous safety measures, stating that GPT-4, their latest AI model, was built on years of safety research. He noted that OpenAI spent over six months after the initial training of GPT-4 to enhance its safety and alignment before its release. The CEO also assured that OpenAI prioritizes user privacy and designs its systems to learn about the world, not private individuals.

The CEO further emphasized OpenAI’s transparency about the limitations of their technology, especially when they fall short. He pointed out that their capped-profits structure means they aren’t incentivized to make unlimited returns.

The FTC’s investigation follows a request from the Center for AI and Digital Policy (CAIDP) in March 2023 to investigate OpenAI for alleged violations of consumer protection rules. The CAIDP raised concerns that the rollout of AI text generation tools has been “biased, deceptive, and a risk to public safety,” as reported by The Verge.

The FTC’s investigation into OpenAI marks a significant development in the agency’s ongoing interest in regulating AI tools. It has previously warned that biased AI systems could draw enforcement action. This investigation of OpenAI, a leading player in the generative AI field, signifies a major escalation in the FTC’s efforts.

KPMG and Microsoft Launch Multibillion-Dollar AI Partnership, Unlocking Over US$12 Billion Growth Opportunity

In a landmark agreement announced on July 11, 2023, KPMG and Microsoft have pledged to reshape the landscape of professional services by placing Artificial Intelligence (AI) at the forefront of their operations. This significant expansion of their global relationship aims to modernize the workforce, ensure safe and secure development, and broaden the use of AI solutions across industries and society.

The collaboration involves a multibillion-dollar commitment from KPMG in Microsoft cloud and AI services over the next five years. This strategic investment is projected to unlock an incremental growth opportunity for KPMG exceeding US$12 billion, marking a significant milestone in the AI and professional services sector.

Microsoft’s cloud and Azure OpenAI Service capabilities will be leveraged to empower KPMG’s global workforce of 265,000. The aim is to enhance the speed of analysis and allow more time for strategic advice, helping over 2,500 joint clients of KPMG and Microsoft navigate the rapidly evolving AI landscape.

As part of the alliance, KPMG professionals will pilot Microsoft 365 Copilot and Azure OpenAI Service technologies with select business groups. This initiative is expected to accelerate digital solution development and enhance client engagements.

The collaboration will also infuse data analytics, AI, and Azure Cognitive Services into KPMG’s audit process, enabling its 85,000 audit professionals to focus more on higher-risk areas of the audit, sector-specific risks, and challenges. In the tax sector, the integration of Azure OpenAI Service and Microsoft Fabric into KPMG Digital Gateway will provide clients with more integrated and transparent access to their data.

This landmark agreement between KPMG and Microsoft signifies a major step forward in the integration of AI in professional services, promising to deliver innovative solutions and drive sustainable growth in the sector.

Microsoft’s AI Strategy

Microsoft’s AI strategy has been evolving since 2017 when the company shifted its vision from being mobile-first to AI-first, while maintaining its cloud-first approach. Since then, Microsoft has accelerated the integration of AI into its products and invested heavily in AI companies.

AI is now one of the hottest industries, with Bill Gates’ dream of “a computer on every desk” shifting to “everyone has an AI assistant”. According to a study by Grandview Research, the global AI market could grow by an average of 37% annually through 2030, becoming a $1.8 trillion market at the end of the decade.

The AI buzz seems to have been triggered by ChatGPT. Microsoft first invested $1 billion into ChatGPT owner OpenAI on July 22, 2019. This year, on January 24, Microsoft invested $10 billion in ChatGPT maker OpenAI. In addition, on May 11, 2023, Microsoft made a strategic investment into Builder.ai, and on June 29, Microsoft-backed AI startup Inflection raised $1.3 billion from Nvidia and others.

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