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.
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 you say a challenge phrase, and they just do it, Altman said. That is a crazy thing to still be doing AI has fully defeated most of the ways that people authenticate currently, other than passwords. ... Despite Altmans warnings about the technologys risks, OpenAI has urged the Trump administration to avoid regulation it says could hamper tech companies ability to compete with foreign AI innovations. Earlier this month, the US Senate voted to strike a controversial provision from Trumps agenda bill that would have prevented states from enforcing AI-related laws for 10 years.
Altman isnt alone in worrying that AI will supercharge fraud.
The FBI warned about these AI voice and video cloning scams last year. Multiple parents have reported that AI voice technology was used in attempts to trick them out of money by convincing them that their children were in trouble. And earlier this month, US officials warned that someone using AI to impersonate Secretary of State Marco Rubios voice had contacted foreign ministers, a US governor and a member of Congress.
I am very nervous that we have an impending, significant, impending fraud crisis, Altman said.
Right now, its a voice call; soon its going be a video or FaceTime thats indistinguishable from reality, Altman said. He warned that while his company isnt building such impersonation tools, its a challenge the world will soon need to confront as AI continues to evolve. Altman is backing a tool called The Orb, built by Tools for Humanity, that says it will offer proof of human in a world where AI makes it harder to distinguish what, and who, is real online.
Speaking of fraud crises his company needs another $40 billion https://winbuzzer.com/2025/07/22/openai-pivots-to-urgent-fundraising-as-500b-stargate-project-with-softbank-stumbles-xcxwbn/