The internet is facing major challenges, particularly regarding digital identity security and rising cyber crimes, which could cost $10.5 trillion annually by 2025. Automated bot farms constitute over half of internet traffic, complicating the identification of real users. Regulatory efforts such as the UK's Online Safety Act and the EU's New AI Act attempt to address these issues but may not sufficiently restore balance. Interviews with tech leaders like Kirill Avery, a notable figure in the startup ecosystem, highlight the necessity of building user-centric software while navigating these challenges.
"Digital identity theft and other cyber crimes are on the rise. Damages related to these online incursions are projected to reach as high as $10.5 trillion per annum by the end of 2025."
"Cutting-edge, automated bot farms now make up more than half of the internet traffic and make it harder for systems to distinguish between real humans and these automated machines."
"The UK's Online Safety Act and the EU's New AI Act are two attempts to restore some of the balance and regulate this online chaos, but these disjointed regulations may not be enough."
"I started coding at 11 and was fascinated by building software for my friends. I remember when I built a mobile game and brought it to school - the whole school started using it."
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