Why OpenAI’s CEO Is Sounding the Alarm on Banks—and Why Every Investor Should Pay Attention Now
“A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else,” Altman said at the event, per Business Insider.
Related: I Called Klarna’s New AI Hotline to Talk to the Company’s ‘CEO’ — Here’s What Happened
Altman said voice authentication was “a crazy thing to still be doing” and that AI has “fully defeated” many ways financial institutions currently confirm identity.
He also warned that AI has the potential to cause a “significant impending fraud crisis,” and predicted that institutions are going to have to transform the way they verify identity in response.
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