AI Prevents $4B Fraud

Today we will cover the following:

• Meta AI Will Now Remember Your WhatsApp Chats

• AI Prevents $4 Billion in Fraud But Warns of Rising AI Scams

• AI-Powered 24/7 Study Partner

• Hidden Apple Apps Usages

• Real or AI?

• Trending AI Tools

• AI Funding💰

• AI Jobs💼

• A Prompt for Implementing a Sustainability Initiative

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Meta

Meta AI Will Now Remember Your WhatsApp Chats

Meta is working on an AI update for WhatsApp that will let it remember key information from your chats, turning it into a more helpful personal assistant.

This feature is currently available in beta.

Here’s what you need to know:

• Personalized Chat Memory: Meta AI can remember important details from your conversations to offer helpful suggestions. You can always manage or delete what it remembers.

• Assistant Capabilities: Think of Meta AI as your personal assistant, ready to recall dates, tasks, or preferences whenever you need them.

• User Control and Transparency: Meta is making sure you have control over what the AI remembers, giving you the power to decide what stays and what goes.

This update is part of Meta's bigger plan to integrate AI across its platforms, making your digital interactions smoother and more productive.

AI Risks

AI Prevents $4 Billion in Fraud But Warns of Rising AI Scams

The US Treasury has issued a report that AI technology helped prevent and recover over $4 billion in fraud in fiscal 2024—a six-fold increase from the previous year. However, it also cautions about the escalating risks of AI-driven scams.

Here’s what you need to know:

• Efficiency Boost: Banks using AI-driven models have reported significantly boosting fraud detection speed, minimizing losses, and enhancing customer trust.

• Rising AI-Driven Threats: Criminals are increasingly leveraging AI for sophisticated scams, including deepfake voice fraud and personalized phishing attacks, making it harder for traditional systems to detect them.

• Collaboration Call: To combat AI-driven financial crimes effectively, a unified effort among tech firms, banks, regulators, and public awareness is encouraged.

The Treasury’s report underscores the dual nature of AI's impact on the financial sector, urging vigilance and collaboration to harness its benefits while mitigating risks.

AI-Powered 24/7 Study Partner

Athena Study – AI-Powered Learning Platform for Smarter Exam Prep – Fast, Adaptive, Effective!

Athena is a 24/7 AI study assistant that helps students learn by providing explanations and answers to questions in various subjects.

Best Features:

• AI-Driven Study Assistance: Get help with assignments, summaries, and explanations.

• Personalized Learning: Tailor study plans to meet individual learning needs.

• Collaboration Tools: Work with classmates and share notes seamlessly.

• Wide Subject Coverage: Supports multiple subjects across academic levels

Too Important to Miss

1. Google shifts Gemini app team to DeepMind

2. Midjourney plans to let anyone on the web edit images with AI

3. AI Detectors Falsely Accuse Students of Cheating—With Big Consequences

4. Former OpenAI CTO Mira Murati’s next move: another AI startup.

Hidden Apple Apps Usages

Real or AI?

Trending AI Tools

Meco app is your space to read newsletters outside the inbox. The #1 newsletter aggregator.

Dashworks uses AI to centralize workplace knowledge and streamline information retrieval.

Sembly uses AI to transcribe, summarize, and analyze meetings efficiently.

HeyEddie provides AI-powered virtual concierge services for hotels and hospitality businesses.

Graphy uses AI to transform data into engaging, interactive visualizations.

Kvistly uses AI to summarize and organize web content for easier consumption.

Prompt

A Prompt for Implementing a Sustainability Initiative

Goal: "Design a sustainability initiative for a [Company Type] within the [Industry], focusing on reducing environmental impact and promoting long-term resilience. The initiative should outline specific goals, actionable steps, and timelines. Consider areas such as energy efficiency, waste reduction, carbon footprint, and sustainable sourcing. Include strategies for stakeholder engagement, regulatory compliance, and alignment with global sustainability frameworks (e.g., SDGs, ESG). Provide performance metrics to track progress and ensure accountability."

Company Type: [Insert here]
Industry: [Insert here]
Sustainability Goals: [Insert here]
Key Focus Areas: Energy efficiency, waste reduction, carbon footprint, sustainable sourcing
Stakeholder Engagement Strategies: [Insert here]
Regulatory Compliance: [Insert here]
Global Frameworks Alignment: (e.g., SDGs, ESG)
Performance Metrics: [Insert here]
Timeline for Implementation: [Insert here]

Poll Result

Will X’s new policy influence how you use the platform?

Yes, I’ll be more cautious with my posts, 85.71%. 

No, I won’t change my behavior, 14.29%. 

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