3D generated face representing artificial intelligence technologyThemotioncloud | Istock | Getty ImagesA growing wave of deepfake scams has looted millions of dollars from companies worldwide, and cybersecurity experts warn it could get worse as criminals exploit generative AI for fraud.A deep fake is a video, sound, or image of a real person that has been digitally altered and manipulated, often through artificial intelligence, to convincingly misrepresent them.In one of the largest known case this year, a Hong Kong finance worker was duped into transferring more than $25 million to fraudsters using deepfake technology who disguised themselves as colleagues on a video call, authorities told local media in February. Last…
Author: insighter
About a decade ago, Xi Jinping, China’s president, had a dream: to turn the country into a global soccer powerhouse. That ambition was quickly backed by action and money. Chinese conglomerates poured money into the country’s domestic league, even attracting soccer stars based in Europe. Some firms splurged on buying up stakes in European clubs in order to raise the standards of Chinese soccer. But China’s ambitions never took off—and could be on the verge of unravelling entirely. On Wednesday, the U.S.-based asset management firm Oaktree Capital took over the Italian soccer club Inter Milan after its Chinese owner, Suning…
When it comes time to hop on a plane, train or automobile, there’s one thing that can offer some peace of mind: travel insurance. But while lost luggage, delayed flights or interrupted plans may be top-of-mind concerns, coverage for unforeseen circumstances like travel-related accidents should also be considered.Here’s a breakdown of what travel accident insurance is, what it covers and what to know when purchasing a policy for a vacation.What is travel accident insurance?Travel accident coverage is largely what it sounds like — a specific benefit of travel insurance that provides financial protection for accidents that happen while you’re traveling.…
Networking events can be intimidating. You have to be professional but personable, come off as confident but not schmoozy. Walking this line can be challenging and you might find yourself turning to an open bar to quell some of your nerves.Imbibing isn’t outright bad, but, as anyone who has had one too many drinks knows, there are some instances when alcohol can hinder your social skills instead of help.Your goal at networking events is to convey you are “competent, committed and compatible,” says Gorick Ng, a Harvard career adviser and author of “The Unspoken Rules.””It may be called ‘cocktail hour,’ but…
A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports, the Transportation Security Administration said Saturday. More than 2.9 million travelers were screened at U.S. airports on Friday, surpassing a previous record set last year on the Sunday after Thanksgiving, according to the transportation security agency. “Officers have set a new record for most travelers screened in a single day!” the TSA tweeted. “We recommend arriving early.” The third busiest day on record was set on Thursday when just under 2.9 million travelers were screened at U.S. airports. In Atlanta,…
Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing.Grant CardoneMultimillionaire Grant Cardone, who has been collecting art for around 15 years, says he’s a spontaneous buyer.”I don’t consider myself a connoisseur. I’m very new to the art world. If I like it, I buy it. I don’t care who did it,” he told CNBC. Alongside pieces displayed throughout his home, Cardone also has an art gallery to house his considerable collection.CNBC spoke to Cardone by video call — behind him in his Miami home office was an untitled piece by American graffiti artist Retna that…
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs.Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his firm is capitalizing on explosive growth potential in the industry.”The ability to have active management to overweight companies that are actually in market producing the drugs and then go down the line to identify those that are in particular phases is powerful,” Mazza told CNBC’s “ETF Edge” last Monday.Eli Lilly…
Concepcion Alejo is used to being invisible. Alejo, 43, touches her face up with makeup on a Tuesday morning, and steps out of her tiny apartment on the fringes of Mexico City. She walks until the cracked gravel outside her home turns into cobblestones, and the campaign posters coating small concrete buildings are replaced with the spotless walls of gated communities of the city’s upper class. It’s here where Alejo has quietly worked cleaning the homes and raising the children of wealthier Mexicans for 26 years. Alejo is among approximately 2.5 million Mexicans — largely women — who serve as…
The Priority Pass airport lounge program allows members access to over 1,500 airport lounges and restaurants worldwide. Two of those Priority Pass locations are at Harry Reid International Airport in Las Vegas.The airport has two separate terminal buildings, Terminal 1 and Terminal 3. There’s one Priority Pass lounge in each terminal, and you can move between the two terminals post-security by tram if you want.The Club, which runs nearly two dozen airports around the U.S. (as well as a few in the U.K.) operates both lounges.Whether you’ve got a flight delay, a long layover or just need to kill time…
Chris Hemsworth stars as the villainous Dementus in Warner Bros.’ “Furiosa: A Mad Max Saga.”Warner Bros. DiscoveryIn George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson cloud.Feet away, among the rows of gyroscopic 4DX chairs, plumes of fog roll in, catching the red hue from the screen as if the flare somehow transcended the fourth wall and infiltrated the cinema. The fog parts, Chris Hemsworth as Dementus comes into focus and grins at the audience.This is the 4DX viewing experience. It’s one of many multi-sensory moments programmed for “Furiosa:…
Nvidia’s star founder Jensen Huang endorsed Tesla’s strategy for AI-enabled autonomous vehicles weeks ahead of a key vote that determines if CEO Elon Musk receives his record compensation. Musk is all but betting the company on his recent pivot to AI, having quietly scuppered his vision of growing volumes more than tenfold to 20 million vehicles a year by 2030—as much as Toyota and Volkswagen sell combined. “Tesla is far ahead in self-driving cars,” Huang attested to in an interview with Yahoo Finance uploaded to YouTube late last week. The AI pivot is controversial since it moves Tesla further away from its stated mission of accelerating…
Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal.In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling in a “sustained way.”Inflation in the euro area held steady at 2.4% in April, marking the seventh straight month it has been below 3%, despite a slight rebound in December. The figures for May are due on Friday.”Thanks to this disinflationary process, inflation is converging to our 2%…