https://github.com/KamitaniLab/DeepImageReconstruction
Not a hoax.
Your comparison to Deep Dream is quite apt, for good reason that you clearly don't realize-
Deep Dream is an attempt to "enhance patterns in images via algorithmic pareidolia"- Pareidolia being a "psychological phenomenon in which the mind responds to a stimulus". So yes, this project is affected by a real life "deep dream".
Don't be surprised when it "finds" the image, pulled from raw static that contained no signal.
> While our model was solely trained with natural images, our method successfully generalized the reconstruction to artificial shapes, indicating that our model indeed reconstructs or generates images from brain activity, not simply matches to exemplars.
If I am reading that correctly it is reconstructing images that the subjects had not seen before.
This is as bad as the dead salmon results.
EDIT: You can flag all you want, but look at this playback of the reconstruction:
https://video.twimg.com/tweet_video/DSrWxhSVQAE2Xix.mp4
There's nothing useful happening here.