Here come the scams. Welcome to the Know the Difference Minute for Thursday, May 4th. It’s been a tough couple weeks for AI. Most recently, Geoffrey Hinton, considered one of the Godfathers of AI, quit Google saying AI chatbots are scary and he regrets his work. Yesterday, Facebook parent Meta reported a surge in hackers using ChatGPT as a pretense to break into devices. The scams revolve are people falling for scams using fake browser extensions and online apps that claim to be linked to ChatGPT—but aren’t. Meta’s CIO says it’s like crypto scams all over again. Since March alone, the company said it had blocked the sharing of more than 1,000 malicious web addresses that claimed to be linked to ChatGPT or related tools. Some of the tools include working ChatGPT features but also contain malicious code to infect users’ devices. Be careful. Looks like the genie is out of the bottle. I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.