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AI-generated deepfake videos featuring CNN Portugal personalities and Prime Minister Luís Montenegro were used in YouTube ads and fake news sites to promote a fraudulent investment scheme. The scam, promising high returns via a fake AI trading platform, deceived victims and caused financial harm in Portugal.[AI generated]
Why's our monitor labelling this an incident or hazard?
The event explicitly involves AI systems used to create deepfake videos, which are manipulated audiovisual content generated by AI. These deepfakes are central to the scam's operation, misleading people and causing financial harm, which qualifies as harm to individuals (a). Since the AI-generated content is directly used to perpetrate fraud and financial loss, this constitutes an AI Incident. The harm is realized, not just potential, as the scam is actively promoted and likely causes victim losses.[AI generated]