AI Tips: OpenAI CEO Sam Altman explains how AI can trick banks into getting access to your money..

Nowadays, AI (Artificial Intelligence) is being used everywhere. But do you know that AI can also steal your money? Sam Altman, an expert in this field and CEO of OpenAI, explained how AI can target the financial sector. AI can copy human voices. Through this, it can overcome the security measures taken for fund transfer and transfer funds. Altman said this during a Federal Reserve event held in Washington, DC on Tuesday.

Altman said that one thing that scares me is that some financial institutions still accept voice recognition as authentication. This is a crazy thing. AI has completely defeated it. He stressed his concerns about fraudulent authentication methods and said that someone bad is going to issue it - it is not a very difficult task. It is coming very soon.

Use of voice recognition as a verification system:
Voice recognition began to be used as a verification system for high-net-worth banking customers ten years ago. However, with the growing use of AI-generated voice clones and soon video replicas, Altman warns that these technologies can now mimic individuals so accurately that it is “almost impossible” to distinguish them from real people. This indicates an urgent need for more advanced and secure authentication technologies.

AI could eliminate some job sectors:

Altman warns that artificial intelligence (AI) could eliminate some job sectors altogether. During his appearance at the Capital Framework for Large Banks conference organized by the Federal Reserve Board of Governors, he described customer service positions as particularly vulnerable to automation.

The OpenAI founder said the transformation of the customer service industry is almost complete. He told Michelle Bowman, the Federal Reserve's Vice Chair for Supervision: “Now you call one of these and the AI answers. It's like a super-smart, capable human being. There's no phone tree, there's no transfer. It can do everything that any customer service agent at that company could do. It doesn't make mistakes. It's very fast. You call once, things just happen, the job is done.”

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