SAM 300 Billion AI Startup CEO, Sam Altman, is asking leaders of the Finance Industry to stay ahead of AI trends – and to avoid sound verification at all costs.
At the Federal Reserve’s Regulatory Capital Framework Conference on Tuesday in Washington, DC, Altman told a mob of financial regulators and industry experts that “something that frightens it” are banks that still accept sounds to verify identity. The AI Voice Cloning Hexis can copy the voice of a person in three seconds and use the cloud sound in empty bank accounts.
“One thing that frightens me is apparently some financial institutions that will accept the sound print as a verification of a lot of money, or to do something else,” the Altman said in the event. Business Internal.
Related: I called the company’s ‘CEO’ to talk to Kalrana’s new AI hotline – what happened here
Altman said the sound “is still endorsing” and AI has confirmed the identity of financial institutions in many ways.
He also warned that AI has the potential to cause a “incoming fraud crisis” and has predicted that institutions have to change the way to confirm the identity in response.
“People will have to change their style of interaction.” They have to change their verification style, ”said the opposite. This is a big deal. “
Open CEO Sam Altman is speaking at the Federal Reserve’s Regulatory Capital Framework Conference on Tuesday. Photo Andrew Harnic/Getty Images PhotoDuring the question and answer session at the Federal Reserve event, the Altman was also asked what he was intact at night. He said that a widespread financial crisis where an opponent uses AI to invade the United States, the bad actor “can enter the financial systems and take the money of everyone,” and we can do very little about it. The Altman explained that it would be difficult to maintain security measures against the smart AI opponent.
Related: Almost half of Americans believe they can be deceived by AI. What are they worried about here?
Financial leaders have echoed with the fear of the fear that the AI can be misused in the wrong hands. According to a survey released in March, the firm consulting with the firm Executive, 80 % of the Bank CyberScureti leaders say that AI allows bad actors to launch attacks faster than banks’ response. In other words, leaders cannot maintain the speed of AI scams by targeting personal bank accounts.
According to the Federal Trade Commission, consumers reported losing more than $ 12.5 billion scams in 2024, which is a 25 % increase over the previous year. Last year, more people fell into the scams and wasted money, losing $ 2.95 billion worth of ampatters scams.
Nevertheless, some high executives in the Open AI believe that it has the power to talk a lot, from the elimination of diseases to helping equal salary measures.
I join Top CEOs, founders and operators Level -up conference Unlock strategies to scal your business, increase revenue and build sustainable success.
SAM 300 Billion AI Startup CEO, Sam Altman, is asking leaders of the Finance Industry to stay ahead of AI trends – and to avoid sound verification at all costs.
At the Federal Reserve’s Regulatory Capital Framework Conference on Tuesday in Washington, DC, Altman told a mob of financial regulators and industry experts that “something that frightens it” are banks that still accept sounds to verify identity. The AI Voice Cloning Hexis can copy the voice of a person in three seconds and use the cloud sound in empty bank accounts.
“One thing that frightens me is apparently some financial institutions that will accept the sound print as a verification of a lot of money, or to do something else,” the Altman said in the event. Business Internal.
The rest of this article is locked.
Join the business+ To reach today.
