The Battle Between Extrinsic and Intrinsic AI in Fraud Prevention

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This chapter explores the future of identity verification online and the use of AI in fraud prevention. It discusses the concept of extrinsic AI, trained on publicly available information, and intrinsic AI, trained on non-public domain features, and highlights their roles in verifying identities and detecting fraud.

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Today’s show:

Sardine CEO and Co-Founder Soups Ranjan joins Jason to discuss the potential harms of generative AI re: fraud (9:53), the value of intrinsic AI (29:48), Sardine's fraud-prevention solution (26:02), and much more!

Time stamps:

(0:00) Sardine CEO Soups Ranjan joins Jason

(6:11) What Soups learned from his time as Coinbase’s director of risk management and data science

(8:36) LinkSquares - The go-to for all your legal needs. Learn more at https://⁠linksquares.com/twist

(9:53) Fraud in finance and spotting bad actors

(15:03) “Pig Butchering” scams and Kitboga’s crackdown

(24:35) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/nextunicorn

(26:02) Using machine learning to prevent future fraud

(29:48) Extrinsic AI vs. intrinsic AI and doomsday scenarios

(33:53) What sets Sardine apart from other companies

(35:19) Roots - Head to https://investwithroots.com/TWIST to sign up and start investing today!

(36:53) Overlap in techniques, actors, etc. in fraud protection