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Paul Smith

Deepfakes spell deep trouble for markets

A fake image of an explosion at the Pentagon seems to have proven the ability of cheap AI apps to move global financial markets, and nobody seems to know what to do about it.

Paul SmithTechnology editor

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When you report on the cut and thrust of breakneck developments, big money deals, mind-bending hype, and multi-billionaire egos in the technology world, it can be easy to get caught up in the game and ignore the fact that the winners are not always the good guys.

Take your pick of fun, child-focused movies. The Mitchells vs. the Machines, Ron’s Gone Wrong, Big Hero 6, even Pixar’s WALL-E 15 years ago, and it is a common theme. Big tech bros invent AI-based cool developments which humanity goes mad for, before learning that things were way better without them, and an unlikely hero saves the day with derring-do.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/deepfakes-spell-deep-trouble-for-markets-20230523-p5daih