Key Points:
This innovative deepfake generator was developed using Tencent’s in-house artificial intelligence (AI) capabilities, and it can recreate fake videos of an individual with startling accuracy. Unfortunately, scammers have widely adopted deepfake videos to mislead investors by impersonating prominent figures. For instance, in 2022, Tesla CEO Elon Musk warned against the rising number of deepfakes impersonating him to promote cryptocurrency scams.
As reported by local media Jiemian, Tencent Cloud’s service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours. The deepfake creation service costs roughly 1,000 yuan or $145. Furthermore, news media outlet The Register confirmed the development with Tencent and highlighted that the service could develop deepfakes in Chinese and English. The creation of digital humans is offered in five different styles, which include 3D realistic, 3D semi-realistic, 3D cartoon, 2D real person, and 2D cartoon.
It is worth noting that Tencent intends to use the service for hosting live-streamed infomercials for the Chinese demographic. Jiemian’s report reveals that other potential applications of deepfakes may include representing “doctors, lawyers, and other professionals.” Despite the promises of this new technology, it is essential to understand the potential risks associated with its misuse. Therefore, it is crucial to establish ethical guidelines for the use of deepfake technology to prevent any significant harm or abuse of power.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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