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flag OpenAI CEO warns banks of imminent fraud crisis due to AI's ability to mimic human voices.

flag OpenAI CEO Sam Altman warned at a Federal Reserve conference that AI's ability to mimic human voices could lead to a significant fraud crisis in banking. flag Current security methods like voiceprinting are becoming ineffective against advanced AI voice cloning, which can bypass security checks and facilitate unauthorized money transfers. flag Altman urged financial institutions to develop new verification methods to counter this growing threat.

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