Consumer Awareness
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Big Tech’s AI Spending Spree: Are You Footing the Bill?
The AI arms race is evolving into a billing battle, with tech giants bundling AI tools into subscription tiers, potentially forcing users to pay for unwanted or underutilized features. Companies like Microsoft, Meta, Google, and Adobe are integrating AI across their suites, often increasing prices without clear justification. Experts highlight concerns about “perceived value bias” and the lack of consumer control, suggesting usage-based pricing as a potential solution amid growing consumer awareness of accumulating costs. The shift to subscription models and the underlying infrastructure costs of AI are also key factors.
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“Fake Cancellation Call Leads to Empty Bank Accounts”
A scam targeting Chinese consumers through fraudulent “automatic renewal cancellation” schemes is gaining traction. Scammers impersonate customer service, using breached data to appear legitimate and create urgency about impending costly renewals. They then trick victims into screen-sharing, enabling them to steal financial information and authorize fraudulent transactions. Individuals have reported significant losses. The incident highlights the need for increased consumer awareness, proactive communication from companies offering subscription services, and enhanced data protection to prevent future scams. Never share your screen with someone you do not know and always verify their identity.