AI regulation: Why Kenya should speed up legislation

Artificial Intelligence

The use of AI has increased and according to the latest statistics, the sector is worth around $391 billion. This figure is set to increase to about $ 1.8 trillion in the next five years.

Photo credit: Reuters

An innocent employee unknowingly transferred a whole $25 million to fraudsters who through artificial intelligence (AI) generated a deep fake video of the chief financial officer.

In the deep fake video, the chief financial officer was giving instructions to the employee to transfer the money into an account. The employee thought he was following instructions from his superiors, only to later on discover that it was a fake video.

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