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OpenAI’s Altman didn’t expect banks to take to AI so soon

WASHINGTON, UNITED STATES, JUL 23 – Banks have integrated generative AI into 40% of daily tasks, boosting efficiency but raising concerns about AI-driven fraud and job displacement, OpenAI CEO Sam Altman said.

Summary by bankingdive.com
Financial institutions have been surprise early adopters of ChatGPT, and the AI industry is on the advent of "intelligence too cheap to meter," OpenAI's CEO and co-founder said at a Fed event Tuesday.

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bankingdive.com broke the news in on Tuesday, July 22, 2025.
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