AI is producing reality-bending midterm ads about defaced Bibles, upscale dinners and a board game with a "Death to America" playing card.Why it matters: The warnings about deepfakes are coming true. Election laws haven't kept pace with a world where campaigns can put words in opponents' mouths and create realistic-looking scenes that didn't happen. The Wesleyan Media Project found $137 million had been spent on 220 AI-generated ads through Oct. 11, mostly from Republicans.