OpenAI’s CEO Sam Altman has warned bankers and regulators about an impending “fraud crisis” fueled by artificial intelligence (AI). He claims that financial institutions are not adequately prepared to deal with the growing threat of AI-enabled scams targeting bank customers. As AI technology advances, it is becoming increasingly sophisticated and vulnerable to misuse, posing a significant risk to the banking system.
Source: https://www.barrons.com/articles/openai-ceo-sam-altman-bank-fraud-crisis-57be8709