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

Altman isn’t alone in worrying that AI will supercharge fraud. The FBI warned about these AI voice and video “cloning” scams last year.

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.