This picture of an apparently heavily damaged item of clothing was generated using artificial intelligence. Photo: cqnews

    China consumers use AI to alter product photos, claim refunds for goods that appear damaged

    Fake photos generated by artificial intelligence (AI) are being misused to claim refunds from Chinese online shops, sparking moral and legal concerns. As China’s Double 11 shopping festival took place around November 11, several e-commerce shop owners revealed that they received AI-generated photos of damaged products from consumers attempting to seek refunds. Some people took…

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    US stocks bounce back as Trump softens China trade tone | News

    US stocks bounce back as Trump softens China trade tone | News

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    Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it's snowballing 'quickly into a serious financial burden'

    Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it’s snowballing ‘quickly into a serious financial burden’

    Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry.  Klarna, known for its short-term, interest-free financing solutions…

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