💰 AI's Impact on Financial Fraud

Srinivas Kumar
July 12, 2023

Hello AI Enthusiasts,

Are you ready to dive into the captivating world of AI? If yes then, buckle up and get ready for this edition of the AI Spotlight Newsletter. Why the delay? Let's get started!

Created by Midjourney

Today’s Menu

🔧 5 Cutting-Edge AI Tools

🧠 Stay Ahead of the Curve with the Latest in AI

💭 Embrace AI's Creative Power with ChatGPT Prompts

🔑 Unlock the Power of AI: Optimize Your Use of ChatGPT

AI in Action!

Traw AI Summaries: Introducing Traw AI Summaries, the AI-powered audio and video summarization service. No more content overload as Traw effortlessly extracts the most important bits, improving your content consumption experience. (link)

Penna.app: With AI-generated copy, your proposals will be so persuasive, they'll convince a cat to take a bath. Get ready to impress clients with this AI tool (link)

Lofi Tutor: Introducing Lofi Tutor a Chrome extension that turns your writing and coding projects into a AI-powered masterpiece. With ChatGPT, Bing Chat, and Google Bard on your side, you'll receive brilliant suggestions and real-time data updates faster than a lightning bolt. (link)

Photocode: An AI-powered programming assistant that can analyze, explain, and debug source code from photos. With Photocode you can turn any photo into a program saving countless hours. (link)

Show by Animaker: With Show, you can conquer the world of multi-touch attributed campaigns across product, web, email, and video, all while sipping your favorite beverage. Whether you're unleashing Drip Campaigns, Newsletters, Video Emails, or even campaigns that defy categorization, Show is your answer. (link)

In the AI World…

🌍 AI in Finance: Benefits, Risks, and the Need for Vigilance

The use of AI in finance is on the rise, but it comes with a warning. According to a UK watchdog, the increased use of AI in finance is likely to trigger a rise in fraud. While AI can be incredibly useful in detecting fraudulent activity, it can also be used by fraudsters to perpetrate their crimes more efficiently. As AI continues to evolve, it's important for financial institutions to be vigilant and take steps to protect themselves and their customers. Ultimately, the benefits of AI in finance far outweigh the risks, but it's crucial to approach this technology with caution.

🚓 Google Faces Lawsuit over Unauthorized Data Scraping for AI

Google is facing a class-action lawsuit over unauthorized data scraping for AI, and it's making headlines. The lawsuit alleges that Google has been using its search engine to scrape data from websites without permission, and then using that data to train its AI systems. This practice is not only unethical but is also a violation of privacy laws. The lawsuit is seeking compensation for the affected website owners and is a reminder of the importance of protecting personal data in the age of AI. As AI continues to evolve, it's crucial for companies like Google to be transparent about their data collection practices and ensure that they are operating within legal and ethical boundaries.

What’s Hot…

📚 Future-Proof Your Career!

According to a recent report by the Organisation for Economic Cooperation and Development (OECD), 27% of jobs are at high risk of being replaced by automation and artificial intelligence (AI). While this may sound alarming, it's important to remember that new technologies have always disrupted traditional job markets. The key is to focus on upskilling and reskilling to stay competitive in the job market. So, don't panic! Instead, embrace the changing landscape and invest in your own education and training to stay ahead of the curve.

Prompt of the Day

Want to Elevate Customer Satisfaction? Here are some strategies for Enhancing the Dining Experience.

Create a set of strategies that a chef can use to improve customer satisfaction, including addressing feedback and complaints effectively.

A page from the ChatGPT playbook

Neglecting input/output length constraints can hamper the engagement of prompts. It's crucial to design prompts that fit within the specified limits to ensure optimal performance and avoid incomplete responses. A well-crafted prompt within the length constraints acts as a captivating stage for the language model's i.e ChatGPT. Engaging prompts within these limits keep users immersed in the conversation, eager for meaningful and complete responses

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