Jim Chanus, a short seller in Enron: Financial fraud is “worse” in the midst of Amnesty International

About five years later, Kabal Boom Boom Larre of the Dotcom bubble For nearly 30 years, we may move to the level of diamonds or platinum “from fraud, it is He said.

Chanus-who made part of his wealth as a short seller for Enron, an energy company Investigation before luck As for its wide -ranging fraudulent practices – she has the continued bubble of artificial intelligence in its amplification, financial fraud must accompany the success of the sector.

“I haven’t spent much time on the artistic side of the fraud that artificial intelligence moves interview This week with the Institute of Non -Performing Thought for New Economic Thinking.

He added: “When it comes to financial fraud in particular, there is no doubt that we see more of it-especially riding the current boom wave of the market that AI moves.”

The S&P 500 has increased by 10 % so far, with most of the growing seven growth. The spending of technology giants on artificial intelligence and its infrastructure was very huge 0.5 % added to GDP growth in the United StatesAccording to Pantheon, the total economy.

But amid an increase Anxiety about the artificial intelligence bubbleInvestors’ confidence in the sustainability of the growth in which artificial intelligence works is hesitant. and With the report Last week, it was found that due to the rush to integrate artificial intelligence in the workplace, only about 5 % of the experimental programs of artificial intelligence have achieved immediate revenue. For 95 % of other projects, implementation decreased.

Earlier this week, though Nafidia 46.7 billion dollars in the second quarter revenues were reported, which represents an increase in sales on an annual basis by 56 %, which exceeds expectations, The arrows fell In the revenues of the data center, on the occasion of a possible transformation in the investor optimism.

Signs of early fraud in the era of artificial intelligence

Chanus to predict the appearance of fraud is that it is deposited with periods of collective financial growth. Artificial intelligence mutation is not an exception.

“It is one of my long opinions that the fraud cycle always follows the financial cycle with a delay. We definitely see that now,” said Chanus. “I think we will see more of it, as companies are doing everything they can to bother themselves to reassured investors by demanding that they are Amnesty International companies or promote some large technology breakthroughs that seem exciting but not happen.”

The cracks in the industry have already started to appear. In April Nate Startup Thorping-Tech has accused From telling investors of artificial intelligence, it was helping shoppers in the exit process, while in fact, it was the human workers from the Philippines and Romania who deal with transactions. The former CEO of Nate Albert Sanyger faces one of the securities fraud and a wire fraud charge. Nate did not respond immediately luckRequest to comment.

The scrutiny over the alleged wrong promises of artificial intelligence coincides with the technology used in cyber security fraud and violations. Tianyi Zhang, General Manager of Cyber ​​Security and Security in Ant International based in Singapore, He said luck Earlier this month: “In some markets, we found that more than 70 % of new recordings (from customers and financial institutions) may be deep attempts. We have identified more than 150 types of Deepfake attacks.”

Chanus has Previously said Fraud is exacerbated by LaX regulations, but it raised the issue of whether financial institutions and Amnesty International should be organized by third parties or the free market.

“There is no doubt that this financial round has mostly exceeded the Dotcom era in terms of enthusiasm, evaluation and capital market activity,” said Chanus this week. “Now, we just have to see how it is running.”

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