Open AI’s Sam Altman warns AI voice clones may trigger banking fraud crisis, urges banks to ditch voice authentication for safer safeguards.

OpenAI CEO Sam Altman says the world may be on the precipice of a “fraud crisis” because of how artificial intelligence could enable bad actors to impersonate other people.

Sam Altman, the founder and CEO of OpenAI, said the rapidly growing capabilities of AI are rendering many of banks' fraud prevention measures useless and warned of an "impending fraud crisis" if banks don't update their processes.