Microsoft Research Asia's AI application, VASA-1, created a viral video of the Mona Lisa rapping, drawing over seven million views.

The lifelike animation has sparked debate on the potential for AI-enabled fraud and scams on the internet.

Microsoft is holding back the release of VASA-1 to the public, prioritizing responsible and regulated use.

The European Union is actively drafting legislation to regulate AI, underscoring the importance of managing innovation with ethical considerations.