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The rise of AI: Fraud in the digital age

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GATINEAU, QC, March 4, 2024 /CNW/ – Artificial intelligence (AI) is an exciting tool and has revolutionized many aspects of our lives. But it has also given fraudsters opportunities to make their frauds even more convincing.

According to Statistics Canada, fraud cases in Canada have almost doubled over the past ten years, surging from 79,000 in 2012 to 150,000 in 2022. This increase shows that fraudsters are becoming more skilled, and technology like AI is helping them improve their old tricks.

AI can be used to quickly produce texts, emails, and messages in the style and language of a specific person. It can be used to clone anyone’s voice. And in just minutes, it can be used to make fake images, audio, or videos of real people.

Sometimes it’s hard to tell what’s real and what’s been generated by AI. Luckily, knowledge is your best shield to protect yourself from AI-generated scams.

Fraudsters can use AI to: 

Impersonate a well-known company or individual to promote fake products or services.Generate a convincing fake investment opportunity.Make chat bots spread fake reviews that sound and look like real people wrote them.Use voice cloning for deceptive telemarketing.

Watch out for these red flags:

Realistic-looking videos of a public figure promoting an investment opportunity, or any other promotion they don’t normally do.Unusual body or lip movement in videos.Strange phrasing or inconsistencies, irrelevant content.Websites that mimic real companies.Unexpected phone calls or messages, especially if the sender conveys a sense of urgency, fear, or panic.

To protect yourself: 

Trust your instincts when something doesn’t feel right.If something seems fishy, check names and logos on websites for authenticity.Stay informed about AI and frauds—research, read, and discuss with friends and family.Report suspicious websites. If you believe you’ve come across misleading AI generated content, report it to the Competition Bureau or to the Canadian Anti-Fraud Centre.

Associated links

Fraud Prevention Month 2024Consumer alert: Quick easy money? Sometimes it’s a quick easy LIEConsumer alert: Five-star fake outConsumer alert: Government websites: spot the legitimate among the fakesDeceptive telemarketingDeepfakes: a real threat to a Canadian future (Canadian Security Intelligence Service)

General information: 
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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth. 

SOURCE Competition Bureau

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New Visions for the Future: 4th China-CEEC Expo & International Consumer Goods Fair Kicks Off

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NINGBO, China, May 23, 2025 /PRNewswire/ — A news report from Ningbo External Communication Center:

On May 22, the 4th China-Central and Eastern European Countries (CEEC) Expo & International Consumer Goods Fair opened in Ningbo, Zhejiang Province. With the theme “New Visions for the Future,” the event attracted over 15,000 professional visitors from 72 countries and regions. Import purchase intentions from CEECs are expected to exceed 10 billion yuan.

The 80,000-square-meter exhibition space is divided into two main sections: the CEEC exhibition zone and the export consumer goods zone. Covering 20,000 square meters, the CEEC zone features over 400 exhibitors showcasing more than 8,000 unique products, including Czech beer, Slovenian honey, Hungarian down products, and Slovenian ski gear. Meanwhile, the export consumer goods zone features over 1,000 Chinese enterprises presenting high-quality offerings such as consumer goods and smart technologies, giving global buyers an immersive technological showcase.

During the Expo, a number of events such as business matching activities and intergovernmental exchange activities will be staged. Besides, conferences such as the China-CEEC Joint Chamber of Commerce Meeting and the 7th China-CEEC Dialogue on Customs, Inspection and Quarantine Cooperation will be held to deepen the alignment of rules. Another side event, the 2025 China-CEEC Mayors Forum, focuses on shaping a new paradigm of urban governance, and the China-Central and Eastern Europe International Regatta will set sail for promoting people-to-people exchanges. In addition, interactive activities such as the “Hi-Go” CEEC Product Shopping Festival will be held in an online-offline hybrid form.

This year, Slovenia and Slovakia serve as the Guests of Honor. In addition to full participation from all 14 CEECs, exhibitors from nine other countries—including the UK, France and Germany—are attending the Expo for the first time. Moreover, institutions such as the World Bank, the European Union Chamber of Commerce in China, and world-renowned enterprises including Sanofi, Novartis, and Morgan Stanley have been invited to attend the event.

Looking ahead, the Expo aims to unlock greater potential and expand the scope of cooperation. By promoting a regularized mechanism for exchanges and collaboration, it seeks to capitalize on new opportunities in industrial transformation and investment.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-visions-for-the-future-4th-china-ceec-expo–international-consumer-goods-fair-kicks-off-302464096.html

SOURCE Ningbo External Communication Center

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“CP Group,” through “True IDC,” Launches Thailand’s First AI Hyperscale Data Center, Elevating Digital Infrastructure into the Giga Data Center Era and Advancing Thailand as the Digital Hub of ASEAN

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BANGKOK, May 23, 2025 /PRNewswire/ — True Internet Data Center (True IDC), a leading data center and cloud service provider under Charoen Pokphand Group (CP), officially launched Thailand’s first AI Hyperscale Data Center, reinforcing its commitment to advancing the nation’s digital infrastructure to support the new economy and positioning Thailand as the digital hub of ASEAN.

Mr. Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, stated that the launch of this AI Hyperscale Data Center marks a significant milestone in Thailand’s entry into the Giga Data Center era. Digital infrastructure not only supports technological advancement, but also serves as a key mechanism for driving the country’s new economy—benefiting both businesses and citizens. It enhances Thailand’s global competitiveness and readiness for the AI-driven future at both national and regional levels. Moreover, this data center investment fosters knowledge transfer for the Thai people.

“To enable everyone—individuals, companies, and industries—to access AI and cloud technology, a fundamental requirement is a robust data center. This development brings immense benefits to Thailand and its industries, and contributes to the broader region by establishing Thailand as a regional hub while fostering domestic digital research and development.” stated by Mr. Suphachai.

Mr. Narit Therdsteerasukdi, Secretary General of the Board of Investment (BOI), added “I would like to extend my congratulations to True IDC on the launch of its new data center. This is a historic moment for a Thai company to develop hyperscale digital infrastructure. This data center will play a crucial role in elevating Thailand into a digital economic hub of the region, supported by a strong digital ecosystem and enhanced attractiveness for investment in digital and technology-driven industries.”

Mr. Thanasorn Jaidee, President of True IDC, shared, “This new AI Hyperscale Data Center sets a new benchmark for Thailand’s data center industry in terms of technology, engineering, and sustainability. It is designed to handle hyperscale workloads and clients with architecture tailored for the digital era—especially industries powered by data, cloud, and AI. This foundation enhances Thailand’s capability to independently and securely develop advanced technologies.”

This AI Hyperscale Data Center is purpose-built for AI processing and large-scale workloads, equipped with over 20 megawatts of power capacity to support high-performance and stable computing, including Graphic Processing Unit (GPU) workloads. The facility features a high-efficiency smart fan wall unit cooling system and is designed to support liquid cooling technology. It also includes high redundancy backup systems to ensure uninterrupted computing operations and continuous business services. The center is optimized for energy efficiency with Thailand’s best-in-class Power Usage Effectiveness (PUE) and houses a Data Center Innovation Lab for testing and developing new solutions across various industries.

This AI Hyperscale Data Center also plays a critical role in supporting the digital transformation of industries, especially Thailand’s New S-Curve industries, such as electric vehicles (EV), digital health and medical services, smart agriculture, fintech and digital finance, digital content, and the creative economy. All of these sectors rely heavily on massive data processing and high-performance computing. Having a modern domestic digital infrastructure empowers these industries to maximize their competitiveness without relying heavily on foreign data infrastructure.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/cp-group-through-true-idc-launches-thailands-first-ai-hyperscale-data-center-elevating-digital-infrastructure-into-the-giga-data-center-era-and-advancing-thailand-as-the-digital-hub-of-asean-302464101.html

SOURCE True Internet Data Center Co., LTD. (True IDC)

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Frontier Wave Investment Alliance Launches Next-Phase QuantFrame AI Modules Under Silas Wainwright’s Leadership

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NEW YORK, May 23, 2025 /PRNewswire/ — Frontier Wave Investment Alliance today announced the deployment of a new generation of QuantFrame AI modules designed to strengthen market responsiveness, strategic forecasting, and portfolio adaptability for financial professionals. Developed under the leadership of founder and financial technologist Silas Wainwright, the update signals a continued evolution in the institution’s commitment to intelligent, accessible investment systems.

The newly released tools include advanced features for geopolitical scenario simulation, multi-market correlation tracking, and ESG-integrated portfolio scoring. These components expand upon QuantFrame AI’s existing capabilities, which are already known for integrating machine learning, macroeconomic analysis, and automated decision-making across diverse asset classes.

“Our focus remains on creating systems that not only respond to market volatility, but anticipate it,” said Elliot Granger, Director of Strategic Technologies at Frontier Wave Investment Alliance. “QuantFrame AI’s new modules are built to help investors move with precision, insight, and purpose in uncertain environments.”

Silas Wainwright has long emphasized the importance of scalable, ethical, and transparent AI in financial decision-making. The latest QuantFrame AI release reflects this vision by incorporating greater explainability in algorithmic recommendations and increased modular customization for institutional partners.
https://www.youtube.com/embed/PsQGOgaFEi0

The new phase of QuantFrame AI will also be embedded into Frontier Wave’s education programs, giving students and early-career professionals direct access to the same tools used by experienced fund managers and analysts. The initiative strengthens the organization’s hybrid model of combining skill-based training with institutional-grade technology.

As part of its global engagement strategy, Frontier Wave Investment Alliance will introduce the updated QuantFrame AI system through a series of online masterclasses, virtual case labs, and multi-lingual investor workshops over the coming months.

About Frontier Wave Investment Alliance

Frontier Wave Investment Alliance is a global financial education and technology institution founded by Silas Wainwright. With a mission to bridge practical finance, ethical investment principles, and intelligent systems, the organization delivers high-impact training and infrastructure to investors worldwide. Its flagship platform, QuantFrame AI, integrates machine learning, macroeconomic modeling, and automated portfolio intelligence to empower both individuals and institutions in dynamic market environments.

Disclaimer:

The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

CONTACT

PR Manager
Ava Robinson
Frontier Wave Investment Alliance
service@wavesolution.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/frontier-wave-investment-alliance-launches-next-phase-quantframe-ai-modules-under-silas-wainwrights-leadership-302464104.html

SOURCE Frontier Wave Investment Alliance

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