AI technology combats scams and protects consumers

A new wave of AI technology is being used to combat scams, with creators like YouTuber Kitboga leading the charge. He employs AI bots to waste scammers' time and gather information, enhancing efforts to expose fraudsters. UK telecom O2 has developed an AI chatbot named Daisy, designed to engage scammers and waste their time. Daisy's interactions have provided insights into scam tactics, but the company acknowledges that more resources are needed to effectively combat widespread fraud. Australian company Apate has created over 36,000 AI bots to disrupt scam operations by simulating realistic conversations. These bots help protect consumers and gather data on scammers, showcasing a growing trend of using AI to fight back against financial crime.