WASHINGTON (AP) — OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person’s voice to bypass security checks and move money. Altman spoke at a Federal Reserve conference Tuesday in Washington.

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.

Sam Altman, CEO of OpenAI, is widely recognized as one of the most influential figures in artificial intelligence (AI). His recent comments on DeepSeek, a rising AI competitor, offer insight into both his leadership style and his perspective on innovation within the field.