Apate sends AI agents undercover to get scammed so they can gather fraud intelligence

Apate runs thousands of AI agents that pose as ordinary people to chat with fraudsters on calls and messages. The company says the decoys have consumed the equivalent of 17 years of scammers' time in 2.5 million conversations. The bank accounts, wallets and malicious sites that agents learn about go to banks, telecoms and agencies that fight fraud.

Summary written with AI by HowTechMoves, based on reporting by TechCrunch.