Head of AI company warns of AI fraud
He highlighted AI's growing capability to impersonate human voices, allowing sophisticated bypasses of security protocols to illicitly transfer funds.
Altman expressed particular alarm over financial institutions still using voiceprints for authentication, stating that AI has 'fully defeated' this method.
He cautioned that AI-generated voice and video clones are becoming indistinguishable from reality, necessitating entirely new verification systems.
Michelle Bowman, the Federal Reserve's Vice Chair for Supervision, indicated a willingness to collaborate on solutions to these AI-driven security challenges.
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