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AIHOT · Published October 20, 2026, 08:26

Apate.ai deployed 350,000 AI agents to combat fraud; Chinese youth use AI video to counter scam accounts.

AI Brief

The author recounts two cases of using AI to counter fraud. Australian company Apate.ai used 350,000 AI agents disguised as vulnerable victims, chatting with scammers over 2.5 million times and consuming approximately 17 years of their time. Australian carrier TPG routed nearly 590,000 suspicious calls to these AIs. The Australian Federal Reserve reported a 76% reduction in fraud losses. The company secured an $81.5 million seed round in August this year.

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