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Xiaomi SU7’s in-house tech ingenuity is indicative of a shift in philosophy!

By building a flexible software platform for phones, tablets, smart home devices and now a cutting-edge car, Xiaomi has a plethora of data points to work with for an ecosystem

Xiaomi SU7’

For a brand that is now well known in the world of smartphones, you’d expect Xiaomi to make bold moves. One that would define a category, for years to come. That is how they’ve got to where they are, with phones (they’re third largest smartphone maker, globally). Yet, as this journey through the past provides an inspiration, the tech company is intent on charting a new path for itself. One that has an outlook of not just a decade down the line, but much beyond. A bold move to make an electric car, the SU7, is reminiscent of exactly how they took the world of phones by storm a decade ago. At stake is not just finding a spot at the table in due course alongside the biggest automakers in the world, but also the future of smartphones.

Except this time, the difference is, Xiaomi is spending big on research and development to build much more in-house, rather than curating a collection of components from vendors. That’ll reduce the reliance on sourcing components, and minimalizing supply chain eccentricities. That is the foundation of five core technologies that define most EVs, and in particular the Xiaomi SU7, in entirety – the E-Motor, Battery, HyperCasting, autonomous driving and a smart cabin. Building the hardware in close sync with how Xiaomi intends the software platform to be, should bear fruit once the SU7 goes on sale – and that isn’t exactly clear at this time.

Xiaomi is making heavy investments into the EV space, which means the SU7 isn’t likely a one-off, and neither will it be sacrificed at the altar of the accountants, as many a concept car, have in human history. To be precise, 10 billion CNY or Chinese Yuan. There is no external funding, Xiaomi confirms to HT. Lei Jun, founder, chairman, and CEO of Xiaomi Group has set a target for the 15 to 20 years of effort – Xiaomi wants to be one of the top five global automakers.

In the immediate future, Xiaomi’s challenge will be perception of pricing, an unknown thus far, since no specifics have been confirmed yet. There will be inevitable comparisons on pricing, and assuming the more tech loaded SU7 will be on the pricier side of the scale, pitted against Tesla’s comparatively less tech infused Model 3 for instance. The assumption about the SU7’s pricing also stems from the car demonstrated at the Mobile World Congress (MWC) showcase in Barcelona.

HT noted there are 8 cameras all around the car as just one crucial part of the expected autonomous driving tech, and the brakes being used by Xiaomi are made by Italian automotive braking systems giant Brembo. These are generally high-performance brake systems, found in very powerful luxury cars and sports cars.

Anuj Sharma, Chief Marketing Officer for Xiaomi India, draws comparisons with the phone space, with their latest and most feature rich phone, the Xiaomi 14 Ultra, “Tesla is a benchmark, whether we like it or not. I think it is equivalent on the phone side, where the Xiaomi 14 Ultra on a global scale is going to be compared with the Apple iPhone 15 Pro Max.” The plan is to persist. “The end of the idea is to excel in terms of tech, excel in terms of product, and slowly make your mark there,” he tells HT.

There are three electric motors that Xiaomi wants to offer with the SU7. The launch spec will have the Xiaomi HyperEngine V6/V6s motors, capable of 21,000 rpm or revolutions per minute – this will be offered as 2-wheel drive or 4-wheel drive options, with differing peak power output ratings. Expected to be in mass production sometime next year, is the HyperEngine V8s, rated at 27,200 rpm. In pre-research stage is an even more powerful HyperEngine, which can deliver 35,000 rpm and will have a carbon-sleeve. Quite what this means for performance as well as efficiency, and when this is ready for production models, remains to be seen.

With an investment as significant as this, comes a detailed plan of action. “When we announced this project was in 2021, the biggest investment is the manpower investment. We have some of the best minds on the company, looking at just this part, including chairman Lei Jun who actually took time out said ‘I’m going to focus on the car and get that car going’. Of course, every year from the existing businesses, whatever profit was being generated was used to fund this project,” Sharma gives us an insight into how Xiaomi has charted an investment as big as this, to get the car business going.

Xiaomi’s battery architecture means it is just 120mm thick (that’s roughly the height of fourteen iPhone 15 Pro Max, stacked), with 91% reduction in wire harnesses used and translates into roughly 3% lesser space than most other EVs. Quite interesting is what Xiaomi calls a 72-in-1 unit, referencing the integrated die-casting rear floor. This has reduced the number of welded joints by 840, is 17% lighter for just this component (weight saving is usually good news for an EVs battery) and also reduces road noise transferring into the cabin.

In case you are wondering why Xiaomi haven’t announced the pricing and availability specifics for the SU7 or the SU7 Max, it is because a stage of testing is still underway before the project is given the green signal. Testing, is specific too. “The biggest test for any electronics is the thermal aspect of it. Once you get into very hot or very cold temperatures, battery efficiency decreases massively. For the last four or five months, the entire testing has been in extreme cold climes,” Sharma tells us. The idea is to the battery to a point where any performance change or unreliability or the breaking point becomes clear.

For Xiaomi, the software means more than just a platform for a car. HyperOS, as it is called, has been developed to be all-encompassing. Xiaomi’s Android phones, tablets and a broad ranging smart home ecosystem, all plug into this. The latest smartphones, the Xiaomi 14 Ultra and the Xiaomi 14 are the first phones to arrive in stores with HyperOS preloaded, whereas some existing phones as well as the Xiaomi Pad 6, are receiving software updates too.

That’s what defines its ‘Smart Cabin’, as Xiaomi calls it. Sharma believes HyperOS and the company’s Human x Car x Home approach is significant because it taps the three places where humans spend their most time every day – at home, at work, and commuting. It is about a “philosophy that’s covering these three aspects”, as Sharma puts it, with the car in the middle of this transition.

It may require a change in approach to how some people perceive cars. “Obviously, a car has to be more than just a vehicle to get you from point A to point B. How does it connect with your life? With those data points, we’re basically able to understand more about how a person lives. The objective is, make it easier and make it more seamless,” says Sharma.

There is fairly basic example – your Xiaomi phone would know when you are leaving office (there can be many metrics for this, such as location, steps tracked or leaving the office Wi-Fi at a particular time of the day) and the car starts up automatically to begin balancing the cabin to a comfortable temperature before your arrival to the parking spot. At the same time, Sharma believes this is just the start, and there are possibilities which are impossible to envision at this point in time.

“The way the entire interconnected ecosystem and AI aspect is supposed to play out, in three to five years, it may include functionality and capabilities we cannot even imagine today. But our objective remains the same,” he says. And that is, the human is the most important part of this process. For us in India, any hopes of buying the SU7 must wait, because production will for now focus on the home market, China. But with global aspirations very clear, it may not be a long wait. Though the company refuses to commit to any timelines.

For Xiaomi, making a car is also about the flex, a signal that they are positioning themselves into becoming a technology powerhouse, at a global scale. Sharma reckons that the car’s development is exciting, but the company’s plans aren’t limited to just that. There’s more to come, across categories. As he defines it, this is an overall shift in the philosophy of Xiaomi.

This Article Was Originally Published on Hindustantimes.News!

Read More : Hardik Pandya returns: How new Mumbai Indians captain performed days before start of 2024 IPL season!

Steve Smith ‘not fussed’ about making it to Australia T20 World Cup 2024 squad

Steve Smith has said he isn’t thinking too much about making it to the Australia squad for the T20 World Cup 2024 as questions have been raised about his spot in the team after the New Zealand series.

smith

In Short

  • Steve Smith’s spot in the T20 World Cup squad hangs in the balance
  • Smith said he isn’t too fussed about making to World Cup
  • Smith said he doesn’t see opening the batting in Tests as anything different

Steve Smith has claimed that he isn’t ‘too fussed’ about making it to the T20 World Cup 2024 squad of Australia after his horrid run of form during the recently-concluded T20I series against New Zealand.

Smith could only score just 15 runs in two matches, putting his position in the T20I squad under doubt. His teammate Matthew Wade had recently admitted that it would be tough for the Australian star batter to make it to the T20 World Cup.

However, Smith has claimed he isn’t thinking too much into it. Speaking to AAP, the star batter said that he got a couple of good deliveries during the New Zealand series. Smith said that he is unsure about what the selectors want to do in terms of making a call.

“I got a couple of decent balls to be fair. (Adam) Milne got one to take off in the second game, which was tough. Lockie, when that sun was setting, it was quite difficult to pick up and he gave me a nice in-swinger. Look, it wasn’t ideal, but it is what it is and whatever will be, will be from here. I’m not really sure what (selectors) want to do. I’m not really too fussed either way. If I’m there, I’m there. If I’m not, I’m not,” said Smith.

Don’t see it any different: Steve Smith on opening

Smith is now all set to turn his focus towards the longest format of the game as the Test series against New Zealand would start on February 29, Thursday. Since the retirement of Warner, the star batter has been elevated to the opening spot.

Speaking about his new role, Smith said it’s fun and he doesn’t view it any different from his time batting at No.3 or 4 in the batting order.

“It’s fun, but honestly I don’t see it as anything different. I batted at three for an extended part of my career and I batted at four, where I’ve been in inside of two overs. It’s really nothing that new to me,” he explained.

Australia will be playing two Test matches against New Zealand.

This article was originally published on India Today.

Also Read: UK-based gangster likely involved in Haryana politician’s Nafe Singh Rathee murder: Cops

Hardik Pandya returns: How new Mumbai Indians captain performed days before start of 2024 IPL season!

Hardik Pandya returned to competitive cricket in a tournament at the DY Patil Stadium for the first time in nearly four months

Hardik Pandya returned to competitive cricket for the first time in nearly four months, playing a match in the DY Patil Cup in Navi Mumbai. Pandya has been working his way back to full fitness after he suffered an ankle injury during India’s match against Bangladesh at the 2023 World Cup in October last year.

The injury ruled him out for the rest of the tournament and he then had to sit out the subsequent series against Australia at home, South Africa away from home and then Afghanistan in India. It meant that, if he doesn’t get injured, Pandya would have to play the T20 World Cup later this year without having played T20Is for India since the 2023 World Cup. He is, however, expected to play the Indian Premier League (IPL) as five-time champions Mumbai Indians’ newly appointed captain.

How Pandya fared on return

Pandya on Monday played for Reliance 1 in the DY Patil T20 Cup in Navi Mumbai. He opened the bowling and picked up 2 for 22 from his three overs. He then batted at No. 10 and saw off a tense chase along with Piyush Chawla. Pandya was unbeaten on 3 off four balls as Reliance 1 beat Bharat Petroleum Corporation Limited by two wickets. Among his wickets was India T20 international Rahul Tripathi.

For the past month, Pandya has been training in Baroda while following a return-to-fitness roadmap drawn up for him by the National Cricket Academy (NCA). The all-rounder also featured in practice matches at NCA along with Rishabh Pant, who is also returning to fitness after suffering serious injuries in a car accident in December, 2022.

Pandya’s return to competitive cricket has been much awaited as had led India’s T20 side for most of last year and would have been a contender to captain in the upcoming World Cup but for injury. BCCI secretary Jay Shah has announced Rohit Sharma as skipper and Pandya as his deputy for the marquee event.

This Article Was Originally Published on Hindustantimes.News!

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UK-based gangster likely involved in Haryana politician’s Nafe Singh Rathee murder: Cops

The Haryana Police, investigating the murder of Nafe Singh Rathee, has said a UK-based gangster was suspected to be involved in the case.

In Short

  • UK-based gangster likely involved in killing of Nafe Singh Rathee
  • Police to interrogate gangster’s associate in Tihar Jail
  • FIR names former MLA and others, also mentions five unnamed accused

A UK-based gangster was likely involved in the killing of Nafe Singh Rathee, Haryana unit president of Indian National Lok Dal and former MLA, the Haryana Police has said.

The police also said they would interrogate a close associate of the gangster, lodged in Delhi’s Tihar Jail, in connection with the case. Earlier, the police interrogated Sandeep, alias Kala Jathedi, one of the top gangsters in Haryana, in Tihar Jail.

During interrogations, Sandeep denied any involvement in Singh’s murder.

Rathee and Indian National Lok Dal (INLD) worker Jai Kishan were killed when unidentified assailants sprayed their sports utility vehicle (SUV) with bullets at Bahadurgarh, near Delhi, on Sunday. The assailants who shot dead Rathee in his SUV told his nephew, who was driving the vehicle, that they were sparing his life so that he could inform his family, according to an FIR.

In the FIR, the police named former MLA Naresh Kaushik, Karambir Rathee, Ramesh Rathee, Satish Rathee, Gaurav Rathee, Rahul and Kamal.

The FIR also mentioned five unnamed accused.

Meanwhile, in his police complaint, Rathee’s nephew Rakesh said five unidentified killers, who were following them in a car, came out and fired indiscriminately near the Barahi railway crossing. Complainant Rakesh told police that he was behind the wheel and Rathee was sitting next to him. In the rear seat, two persons, including the INLD worker killed in the incident, were sitting.

Rakesh said they were returning to Bahadurgarh on Sunday evening.

The attack, which came less than two months before the Lok Sabha polls, drew sharp reactions from the opposition parties in the BJP-ruled state.

On Monday, Haryana Home Minister Anil Vij said the probe into Rathee’s killing will be handed over to the CBI even as 12 people, including a former MLA, were booked in connection with the murder.

The statement came as Vij, in the Haryana Assembly, denied the Opposition’s charge that the law-and-order mechanism has collapsed in the state.

This article was published on India Today.

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Pankaj Udhas death: Popular ghazal and playback singer breathes his last at 72!

Pankaj Udhas death: Popular ghazal and playback singer breathed his last at 72. His family said he died after a prolonged illness.


Pankaj Udhas death

Pankaj Udhas death: Popular ghazal and playback singer breathed his last at 72. The Udhas family confirmed his death on Monday was due to a prolonged illness.

Udhas family’s statement

Taking to Instagram, Pankaj Udhas’ daughter Nayaab shared a statement on Instagram which read, “With a heavy heart, we are saddened to inform you of the sad demise of Padmashri Pankaj Udhas on 26th February 2024 due to a prolonged illness.”

Soon after Nayaab shared the news of the singer’s demise, his fans swamped the comment section and posted their condolences. A fan wrote, “May his soul rest in peace.” “I’m so sorry to hear of your loss, stay strong and please accept my condolences,” another user wrote. “Deepest Condolences and Prayers,” another user posted.

He died around 11 am at the Breach Candy hospital, a family source said. His last rites will be held on Tuesday. Pankaj is survived by wife Farida Udhas, daughters Nayaab and Reva Udhas, and brothers Nirmal and Manhar Udhas, who are also singers.

Pankaj Udhas’ career

Pankaj Udhas is best known for lending his voice to memorable tracks like Chitthi Aayi Hai from Mahesh Bhatt’s 1986 crime thriller Naam, Chandi Jaisa Rang Hai from Pravin Bhatt’s 1998 film Ek Hi Maqsad, Aaj Phir Tumpe from Feroz Khan’s 1988 action thriller Dayavan, Jeeye To Jeeye Kaise from Lawrence D’Souza’s 1991 romantic film Saajan, and Chhupana Bhi Nahi Aata from Abbas-Mustan’s 1993 revenge thriller Baazigar among others.

This Article Was Originally Published on Hindustantimes.News!

Also Read : Chris Gauthier dies at 48: Actor was known for roles in Once Upon a Time, Eureka!

Chris Gauthier dies at 48: Actor was known for roles in Once Upon a Time, Eureka!

With over 100 credits to his name on IMDb, Gauthier was a well-known figure in the industry.

Chris Gauthier dies at 48

English-born Canadian actor Chris Gauthier died aged 48 on Friday, February 23. The Once Upon a Time star died from an “unspecified short illness,” his management revealed. On Sunday, a statement confirming the news of his death was shared on Facebook by Chad Colvin of TriStar Appearances/Event Horizon Talent. “We can confirm that our dear friend and client, Chris Gauthier, passed away on Friday morning, February 23, at the age of 48,” the statement reads.

Chris Gauthier dies at 48

While the news about his death was confirmed, an accurate cause of death hasn’t yet been revealed, per Deadline. “A world without you in it is a much darker place. So much so that when his wife reached out to me yesterday with the news, I wept tears of disbelief for hours. It’s taken me til now to fully mentally and emotionally steel myself to write this,” Colvin’s statement adds.

Gauthier is survived by his wife and children. However, since the Supernatural star kept his personal life private, not much is known about his family, including the identities of his spouse and kids. “Chris was the literal textbook definition of a character actor. You may not have known his name but you knew his face, you knew his voice, and you knew that if he was onscreen, you were in for a helluva ride,” the statement continues.

Tributes pour in for Chris Gauthier

With over 100 credits to his name on IMDb, Gauthier was a well-known figure in the industry. Some of his most famous works include Freddy vs. Jason, Watchmen, Sanctuary, Charmed, Once Upon a Time, Smallville, and Eureka. Following his death, tributes from celebrities and fans alike started pouring in for Gauthier.

Gauthier’s Once Upon a Time co-star who played Captain Hook, Colin O’Donoghue, wrote on Instagram, “Rest in Peace Chris! Heartbroken! My love and thoughts go out to Erin and the boys! You will be missed brother! You were the real captain!!” Co-showrunner Adam Horowitz wrote on X, “So sad to hear of the passing of Chris Gauthier. Such a kind, sweet, and talented person. You will be missed.”

This Article Was Originally Published on Hindustantimes.News!

Also Read : Bharat Tex 2024: ‘Kasturi Cotton launch is going to be…’, PM Modi inaugurates India’s largest textiles event!’

Bharat Tex 2024: ‘Kasturi Cotton launch is going to be…’, PM Modi inaugurates India’s largest textiles event!’

Bharat Tex 2024 serves as a platform to showcase the iconic handloom and handicraft traditions of various states, including Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh.

Prime Minister Narendra Modi inaugurated Bharat Tex 2024, one of the largest-ever global textile events held in India, at Bharat Mandapam in Delhi.

The event marks a significant milestone in promoting India’s rich textile heritage and fostering collaboration within the industry.

At the inauguration, Union Minister Piyush Goyal highlighted the remarkable growth of Bharat Mandapam since its inauguration just seven months ago. He emphasized the need to expand the infrastructure to accommodate the increasing demand, suggesting the initiation of Phase 2 at both Bharat Mandapam and YashoBhoomi.

Minister Goyal said, “It has been only 7 months since this Bharat Mandapam was inaugurated by PM Modi on 26th July 2023 and in just seven months, this place and YashoBhoomi have started falling short of space. Now, we need to start Phase 2 at both locations as early as possible which you can inaugurate in your third term.”

Speaking at the inauguration Prime Minister Narendra Modi said “Today, India is one of the largest producers of cotton, jute and silk in the world. Lakhs of farmers are engaged in this work. Today the government is supporting lakhs of cotton farmers, purchasing lakhs of quintals of cotton from them. The Kasturi Cotton launched by the government is going to be a big step towards creating India’s own identity…”

Bharat Tex 2024 serves as a platform to showcase the iconic handloom and handicraft traditions of various states, including Gujarat, Maharashtra, Telangana, Uttar Pradesh, and Madhya Pradesh.

Uttar Pradesh and Maharashtra have been designated as the ‘Partner States’ for the event, underscoring their significant contributions to India’s textile sector. Additionally, Gujarat, Telangana, and Madhya Pradesh have joined as ‘Supporting Partner States,’ further enriching the diversity of textile offerings at the event.

The premier global textile event also features state pavilions from Andhra Pradesh, Tamil Nadu, Karnataka, and Assam, highlighting the vibrant textile ecosystems across different regions of India.

Bharat Tex 2024 brings together key stakeholders, including textile manufacturers, artisans, designers, and policymakers, to explore opportunities for collaboration, innovation, and sustainable growth in the textile industry.

Through exhibitions, seminars, and interactive sessions, participants will engage in discussions on emerging trends, market dynamics, and policy interventions to drive the sector forward.

The event not only celebrates India’s rich textile heritage but also underscores the country’s position as a global leader in the textile and apparel industry.

With its diverse range of traditional and contemporary textiles, Bharat Tex 2024 offers a unique platform for showcasing India’s craftsmanship, creativity, and innovation to the world.

As Bharat Tex 2024 unfolds, it is poised to catalyze investments, collaborations, and partnerships that will propel India’s textile sector to new heights of success and sustainability.

The event reaffirms the government’s commitment to promoting the growth and competitiveness of the textile industry, thereby contributing to India’s economic development and cultural heritage preservation. 

This Article Was Originally Published on Hindustantimes.News!

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Lionel Messi scores equalizer to help Inter Miami get draw against LA Galaxy

Lionel Messi emerged as the saviour for Inter Miami as the Argentine turned back the clock to grab a last-gasp equalizer for his side to secure a draw against LA Galaxy on February 25.

Lionel Messi

Lionel Messi proved to be the saviour of Inter Miami as he scored a stoppage-time equalizer to help them get a 1-1 draw against LA Galaxy.

What happened when Inter Miami took on LA Galaxy?

The match’s opening goal came in the 75th minute, courtesy of LA Galaxy’s Dejan Joveljic. The play unfolded rapidly, with Riqui Puig launching a powerful shot from just outside the penalty area. Although Miami’s goalkeeper, Drake Callender, managed to block the initial attempt, the ball fortuitously landed at Mark Delgado’s feet. With precision, Delgado set up Joveljic for an easy tap-in, marking the first goal of the evening and putting Galaxy ahead.

However, the Galaxy’s lead was precarious, especially after Delgado received his second yellow card, reducing the home team to ten men. This pivotal moment added tension to the match, as LA Galaxy braced to defend their slender lead against a determined Inter Miami.

As the clock ticked down, Messi emerged as the hero in the dying moments of the game. In the second minute of stoppage time, following a series of quick exchanges with Jordi Alba, Messi found the back of the net with a precise left-footed strike, securing a vital point for Inter Miami and maintaining their unbeaten start to the season.

Inter Miami have 4 points at the moment and maintained their unbeaten start to the season.

The match was not short of action from the beginning, with LA Galaxy dominating possession and creating numerous scoring opportunities. Despite this, the score remained deadlocked at halftime, thanks in part to Callender’s heroics between the posts for Miami, including a crucial penalty save from Puig in the 13th minute.

Puig have another big chance to open the scoring in the 29th minute, only for Callender to make another fine stop to keep the scores level.

For Inter Miami, the draw was a hard-fought point on the road, while LA Galaxy was left to rue missed chances but showed they could compete with the best in the league.

Thia Article Was Originally Published On India Today.

Also read: Love-bombs, use of AI: Indian woman “Shreya Datta” in US loses crores to scammer

Love-bombs, use of AI: Indian woman “Shreya Datta” in US loses crores to scammer

The con — which drained Shreya Datta, 37, of her savings and retirement funds while saddling her with debt -– involved the use of digitally altered deepfake videos and a script so sophisticated that she felt her “brain was hacked.”

Shreya Datta

In Short

  • Indian woman in US loses Rs 3.73 crore in cryptocurrency romance scam
  • The scam is commonly known as “pig butchering”
  • The scam involved use of digitally altered deepfake videos, tricking into fake crypto investment.

The “wine trader” wooed her online for months with his flirtatious smile and emoji-sprinkled texts. Then he went for the kill, defrauding the Philadelphia-based tech professional out of $450,000 in a cryptocurrency romance scam.

The con — which drained Shreya Datta, 37, of her savings and retirement funds while saddling her with debt -– involved the use of digitally altered deepfake videos and a script so sophisticated that she felt her “brain was hacked.”

The scam is commonly known as “pig butchering,” with victims likened to hogs fattened up by fraudsters with feigned love and affection before the proverbial slaughter — tricking them into a fake crypto investment.

The rapid growth of this fraud, thought to be run by crime syndicates in Southeast Asia, has resulted in losses worth billions of dollars in the United States, with victims saying there is little recourse to recover money.

As it has for many victims, Datta’s experience began on a dating app — Hinge, in her case, where last January she met “Ancel,” who introduced himself as a French wine trader based in Philadelphia.

Datta said she was “charisma bombed” as the conversation quickly moved to WhatsApp. The gym buff with a dreamy smile deleted his Hinge profile to give her “focused attention,” a refreshing experience in the age of fleeting online relationships.

They exchanged selfies, flirty emoticons and did brief video calls in which the suave but “shy” man posed with a dog, later determined to be AI deepfakes.

They texted daily, with “Ancel” enquiring about little things like whether she had eaten, preying on Datta’s desire for a caring companion after her divorce.

Plans to physically meet kept getting pushed back, but Datta was not immediately suspicious. On Valentine’s Day last year, she received a bouquet from “Ancel” sent from a Philadelphia flower shop, with the card addressing her as “Honey Cream.”

When she sent him a selfie, posing with the flowers, he sprayed her with red kiss mark emojis, according to WhatsApp exchanges seen by AFP.

Between the mushy exchanges, “Ancel” sold her a dream.

“The dream was, ‘I’m retiring early, I’m well off. What is your plan?'” Datta, an immigrant from India, told AFP.

“He’s like, ‘I’ve made all this money investing. Do you really want to work till you’re 65?'”

He sent her a link to download a crypto-trading app — which came with two-factor authentication to make it appear legitimate — and showed her what he called money-making trades through annotated screenshots seen by AFP.

Datta converted some of her savings into cryptocurrency on the US-based exchange Coinbase and the fake app initially allowed her to withdraw her early gains, boosting her confidence to invest more.

“As you make astronomical amounts of money trading, it messes with your normal risk perception,” Datta said in hindsight.

“You feel like, ‘Wow, I can do even more.'”

“Ancel” egged her on to invest more savings, take out loans and, despite her reluctance, liquidate her retirement fund.

By March, Datta’s nearly $450,000 investment had more than doubled on paper, but alarm bells went off when she tried to withdraw the amount and the app demanded a personal “tax.”

She turned to her London-based brother, who did a reverse image search of the pictures “Ancel” had sent her and found they were of a German fitness influencer.

“When I realized it was all a scam and all the money was gone, I had proper PTSD symptoms — I couldn’t sleep, couldn’t eat, couldn’t function,” Datta said.

“It was very traumatizing.”

Dating sites are rife with disinformation, with Facebook groups such as “Tinder swindler dating scams” and “Are we dating the same guy?” cropping up, and researchers calling out the growing use of AI-generated profile pictures.

But the use of romance as a hook to commit financial fraud is provoking new alarm.

The FBI told AFP that last year more than 40,000 people reported losses totaling well over $3.5 billion from cryptocurrency fraud, including pig butchering, to the agency’s Internet Crime Complaint Center.

But that estimate is likely low, as many victims tend not to report the crime out of shame.

“What’s horrific about this crime is it is meant to take every last penny from its victim,” Erin West, a California-based prosecutor, told AFP, adding that she is “deluged with victims every day.”

Self-harm among victims is a common concern, campaigners say, with most unable to recover their losses and some falling prey to another breed of scammers — fake recovery agents.

Datta, who is in therapy and has moved to a smaller apartment to manage her debt, said she had little hope of recovery after reporting the crime to the FBI and Secret Service.

Neither body responded to AFP’s queries about her particular case. Nor did Coinbase, which informed Datta in an email –- after she was conned — that she “may have sent cryptocurrency to a fraudulent investment platform.”

More agonizing, Datta said, was dealing with public judgments such as, “How could you be so stupid?”

“There should be no shame in becoming a victim of this absolutely masterful psychological scam,” West said.

“Victims are truly brainwashed.”

This Article Was Originally Published On India Today.

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