OpenAI CEO Sam Altman warned at a Federal Reserve event that AI could soon fuel a “fraud crisis,” since tools like voice cloning already defeat authentication methods such as voice prints. He urged financial institutions to move beyond outdated security, noting video impersonations may soon be indistinguishable from real calls. His remarks came as the White House prepares an “AI Action Plan,” with OpenAI expanding its Washington presence to work with policymakers and train officials.
Altman also voiced fears of bad actors using AI to attack infrastructure or develop bioweapons, and of humans losing control over future “superintelligent” systems. He stressed that while tech firms chase powerful AI, the risks must be managed.
On jobs, Altman said predictions are unreliable. While some roles will vanish, new ones will emerge, and he imagines a distant future where traditional jobs may be unnecessary. OpenAI's new report compares AI's impact to electricity, highlighting ChatGPT's 500 million users, many aged 18–34, who use it for learning and upskilling. Economists will further study AI's economic effects from the company's upcoming DC office.