Sam Altman, CEO of $ 300 billion AI Startup Openi, is asking the Finance Industry leaders to stay ahead of the trends – and to avoid voice authentication at all costs.
At the Federal Reserve Regulatory Capital Framework Conference on Tuesday at Washington, DC, Ultman told a crowd of financial regulators and industry experts that “one thing that hurts him” is banks that still accept voices to certify identity. AI Voice Cloning Hyxace can copy a person’s voice in three seconds and use clone voice in empty bank accounts.
“One thing that makes me frightened is apparently some financial institutions that will accept a voice print for you as a lot of money or to do something to do something,” Altman said in the incident, per, per, per. Commercial insider,
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Altman said that voice authentication “is still a crazy thing” and AI has “defeated completely”, many ways financial institutions currently confirm identity.
He also warned that AI had the ability to cause “significant adjacent fraud crisis”, and predicted that institutions would have to change the way they verify the identity in response.
Altman said, “People have to change how to interact.” “They have to change the way they verify. This is a very big thing.”
Openai CEO Sam Altman speaks at the Federal Reserve Regulatory Capital Framework Conference on Tuesday. Photo by Andrew Harnik/Getty Image
During a quit -session at the Federal Reserve event, Altman was also asked what he was kept at night. He said that a comprehensive financial crisis where an anti -AI uses AI to start attacking America, “bad actors” can break into financial systems and take money for everyone, “and we can make it very little about it, Altman said. Altman explained that it would be difficult to maintain protective measures against an opponent with Hoshiyar AI.
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Ultman’s fear that AI can be misused in the wrong hands, resonating by financial leaders. according to a survey Released by consulting firm Accenture, 80% of bank cyber security leaders said AI allows poor actors to launch rapid attacks, as banks may respond. In other words, leaders cannot keep the AI scams targeting individual bank accounts with rapid pace of scams.
Consumers reported a decrease of more than $ 12.5 billion for scams in 2024, according to an increase of 25% from last year, Federal trade commissionMore people fell for scams and lost money for them last year, with $ 2.95 billion in the imposter scam.
Nevertheless, some top officials in Openai are sure that it has a lot of good power, which helps from eliminating diseases to help. Support equal pay initiative,
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Sam Altman, CEO of $ 300 billion AI Startup Openi, is asking the Finance Industry leaders to stay ahead of the trends – and to avoid voice authentication at all costs.
At the Federal Reserve Regulatory Capital Framework Conference on Tuesday at Washington, DC, Ultman told a crowd of financial regulators and industry experts that “one thing that hurts him” is banks that still accept voices to certify identity. AI Voice Cloning Hyxace can copy a person’s voice in three seconds and use clone voice in empty bank accounts.
“One thing that makes me frightened is apparently some financial institutions that will accept a voice print for you as a lot of money or to do something to do something,” Altman said in the incident, per, per, per. Commercial insider,
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