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OpenAI's Sam Altman warns of AI voice fraud crisis in banking

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OpenAI's Sam Altman warns of AI voice fraud crisis in banking
News

News

OpenAI's Sam Altman warns of AI voice fraud crisis in banking

2025-07-23 05:29 Last Updated At:05:41

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.

“A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication,” Altman said. “That is a crazy thing to still be doing. AI has fully defeated that.”

Voiceprinting as an identification for wealthy bank clients grew popular more than a decade ago, with customers typically asked to utter a challenge phrase into the phone to access their accounts.

But now AI voice clones, and eventually video clones, can impersonate people in a way that Altman said is increasingly “indistinguishable from reality” and will require new methods for verification.

“That might be something we can think about partnering on,” said Fed Vice Chair for Supervision Michelle Bowman, the central bank’s top financial regulator, who was hosting the discussion with Altman.

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

OpenAI CEO Sam Altman speaks during a discussion at the Federal Reserve Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve in Washington, Tuesday, July 22, 2025. (AP Photo/Mark Schiefelbein)

WEST SACRAMENTO, Calif. (AP) — Luke Raley and Dominic Canzone each hit a two-run homer in a six-run third inning that sent the Seattle Mariners to a 9-2 victory over the Athletics on Monday night.

Randy Arozarena had an RBI double in the third and a two-run homer in the ninth. J.P. Crawford also went deep for the Mariners, who moved within 1 1/2 games of the first-place A's in the AL West.

Seattle starter Luis Castillo pitched four scoreless innings before Bryce Miller (1-0) worked the final five.

Athletics slugger Nick Kurtz walked in the third to extend his on-base streak to 48 games, equaling the single-season club record Mark McGwire set in 1995. McGwire stretched the mark to 62 when he reached base safely in the first 14 games the following season.

Kurtz, the reigning AL Rookie of the Year, tied Albert Pujols (2001) for the fifth-longest streak by a major league player 23 or younger.

Crawford hit his seventh homer leading off the fourth and Arozarena added his sixth in the ninth — a 437-foot shot to center field.

Mariners manager Dan Wilson went in with a plan to piggyback Castillo and Miller, and it worked out well.

Castillo left with a 7-0 lead after allowing two hits and striking out six. Miller went the rest of the way and gave up Shea Langeliers’ 13th homer — a solo shot in the eighth.

Josh Naylor drove in a run on a forceout before scoring from first on a double by Arozarena for the first two runs off Aaron Civale (5-2).

Raley hit the next pitch for his 11th home run, and Cole Young doubled before Canzone homered for the fifth time to make it 6-0. Arozarena had three of Seattle’s 12 hits.

Civale gave up seven runs and nine hits in four innings. The right-hander has yielded nine homers in his last six starts.

Jack Perkins allowed two runs and three hits in 4 2/3 innings, striking out seven.

Mariners RHP Emerson Hancock (3-2, 3.07 ERA) starts Tuesday opposite Athletics RHP Luis Severino (2-5, 4.23).

AP MLB: https://apnews.com/hub/mlb

Athletics pitcher Aaron Civale throws during the first inning of a baseball game against the Seattle Mariners in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Athletics pitcher Aaron Civale throws during the first inning of a baseball game against the Seattle Mariners in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Seattle Mariners pitcher Luis Castillo throws during the first inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Seattle Mariners pitcher Luis Castillo throws during the first inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Seattle Mariners' Luke Raley celebrates after hitting a home run during the third inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Seattle Mariners' Luke Raley celebrates after hitting a home run during the third inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury)

Seattle Mariners' Dominic Canzone, center, celebrates after hitting a home run during the third inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury) CORRECTION: Corrects to Dominic Canzone not Cole Young.

Seattle Mariners' Dominic Canzone, center, celebrates after hitting a home run during the third inning of a baseball game against the Athletics in West Sacramento, Calif., Monday, May 25, 2026. (AP Photo/Nic Coury) CORRECTION: Corrects to Dominic Canzone not Cole Young.

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