DeepfakeHigh
Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
- Occurred
- Aug 14, 2024
- Published
- Nov 24, 2024
- Source
- AI Incident Database
Summary
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.
Developers
- Deepfake technology developers
Deployers
- Scammers
- Deepfake creators
Harmed parties
- Elderly investors
- Cryptocurrency users
- Online investors
- Social media users
- Retirees seeking investment opportunities
- Steve Beauchamp
- Elon Musk
Classification
Category confidence: 95%
Severity confidence: 90%
Rationale: Deepfake videos and voice cloning used for fraud causing billions in losses.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8