Rise of AI-based scams (Poll Inside)

Wary while surfing: Incidences of AI-related scams are rising globally, while most reported scams locally are still of pyramid-based schemes.

PETALING JAYA: Operators of dubious investment schemes are exploiting the buzz around artificial intelligence (AI), using it as a tempting facade to entice victims.

The new wave of fraud is being promoted by these operators, who claim their AI-backed schemes are almost fail-proof and a sure-fire way of making profits.