US EditionOpenAI CEO Sam Altman Warns of an AI ‘Fraud Crisis’
UNITED STATES, JUL 22 – Altman warns banks that AI voice and video cloning can bypass security, fueling a fraud crisis; 90% of U.S. companies faced cyberfraud in 2024, reports show.
- On Tuesday in Washington, Sam Altman, CEO of OpenAI, cautioned that artificial intelligence’s ability to mimic voices poses a major risk of fraud for the finance sector.
- This warning stems from the growing ability of AI technologies to replicate voices and videos, enabling malicious individuals to circumvent security measures and carry out unauthorized financial transactions.
- Altman highlighted that some financial institutions still use voiceprint authentication, calling it "a crazy thing to still be doing," and stressed new verification methods are needed.
- He noted ChatGPT has 500 million users globally and said, "significant impending fraud crisis" terrifies him as AI clones get indistinguishable from reality.
- Federal Reserve Vice Chair Michelle Bowman, hosting the discussion, said partnering on solutions "might be something we can think about," reflecting regulatory interest in addressing these risks.
121 Articles
121 Articles
According to Sam Altman, the head of OpenAI, Artificial Intelligence could cause a fraud crisis through voice and video cloning. The jobs of the future will also be transformed – or disappear.
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OpenAI CEO Sam Altman issued a grave warning to U.S. financial regulators and executives: AI-powered voice cloning is about to trigger a major wave of financial fraud. At the heart of the problem is voice ID authentication, a method already being used by banks to approve large transactions. Key Facts: OpenAI CEO Sam Altman warned of an “impending, significant fraud crisis” driven by voice-based AI impersonation. Altman voiced concerns during a …
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OpenAI CEO Sam Altman has warned the financial industry of a "significant and imminent fraud crisis" due to the ability of artificial intelligence tools to mimic a human voice, thereby circumventing…
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