Tag: Audio deepfake

AIBusinessStartups

Early Bet on ElevenLabs Voice AI Pays Off With $6.6B Valuation

An early investor in ElevenLabs reportedly decided to back the voice AI startup after just 30 minutes with its founder. The quick decision appears prescient as the company’s valuation has surged to $6.6 billion, demonstrating the potential rewards of identifying overlooked tech sectors before they become mainstream.

In the high-stakes world of startup investing, sometimes the biggest wins come from spotting potential where others see nothing. That’s exactly what appears to have happened with voice AI company ElevenLabs, where an early angel investment decision made in under half an hour has reportedly yielded extraordinary returns as the startup’s valuation skyrocketed.

The 30-Minute Decision

by Priya Kapoor
AICybersecurityFintech

AI Fraud Prevention Market Expands as Deepfake Threats Surge 704%

Deepfake attacks bypassing identity verification have increased by 704% according to recent threat intelligence. The global AI fraud detection market is projected to reach $31.69 billion by 2029 as organizations seek advanced protection.

AI Fraud Epidemic Sparks Defense Innovation

The rapid escalation of artificial intelligence-enabled fraud is driving unprecedented growth in the prevention market, with analysts suggesting the global AI fraud detection sector could reach $31.69 billion by 2029. This expansion comes as reports indicate deepfake attacks designed to bypass identity verification systems have surged by 704% according to iProov’s 2024 Threat Intelligence Report.

by Samuel Kim