Description

The corporate watchdog there's been a steep rise in scammers using deepfakes of celebrities and politicians to lure Australians into fake investments.   The federal treasurer's hit out at calls from One Nation for a rethink of the country's superannuation system.   US President Donald Trump is scaling back joint military exercises with South Korea, calling them a hostile signal to North Korea.

Summary

The Australian Securities and Investments Commission (ASIC) highlights a significant increase in the use of generative AI to create deepfake videos of public figures for fraudulent investment schemes. This development underscores how frontier AI capabilities are being weaponized to erode societal trust and bypass traditional cybersecurity measures. The warning reflects an immediate concern for Australian financial stability and highlights the need for robust governance frameworks to mitigate AI-enabled harms within the domestic regulatory landscape.

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