Satisfying! 350,000 AIs specialize in scamming scammers, chatting along and playing dumb to extract intelligence, making telecom fraudsters waste 17 years for nothing

What happened: Australian AI startup Apate deploys AI agents that pose as potential victims to talk with scammers and extract bank account and crypto wallet details, per TechCrunch and WIRED reports cited by zhidx. Key numbers: About 350,000 AI bots; 2.5 million conversations with scammers; time consumed equal to 17 years; over 250,000 pieces of scammer information collected; one partner bank Why it matters: Apate aims to reach scammers before real victims transfer money, shifting anti-fraud work from after-the-fact blocking to earlier intelligence gathering for banks and telecom carriers.

Australian AI startup Apate deploys AI agents that pose as potential victims to talk with scammers and extract bank account and crypto wallet details, per TechCrunch and WIRED reports cited by zhidx.

Apate aims to reach scammers before real victims transfer money, shifting anti-fraud work from after-the-fact blocking to earlier intelligence gathering for banks and telecom carriers.