Sam Altman Warns About Fraud Crisis His Own Company Is Helping Unleash
WASHINGTON, D.C. — At a banking conference hosted by the Federal Reserve this week, OpenAI CEO Sam Altman warned financial institutions of a “significant, impending fraud crisis” brought on by artificial intelligence, pointing to the ease with which AI systems can now defeat common authentication methods such as voice prints.
In response, Public Citizen’s Big Tech accountability advocate, J.B. Branch, issued the following statement:
“Sam Altman is warning the world about a fraud crisis his own company is helping to unleash. Altman wants the credit of a prophet and the profits of a CEO, but he can’t have it both ways. OpenAI is actively pushing dangerous tools into the hands of bad actors and telling regulators to ‘deal with it.’ This is as ridiculous as it is shameful. We don’t need more handwringing—we need new laws and regulation, accountability applying our existing laws, and enforceable safeguards before more consumers are harmed.”