Sam Altman, OpenAI’s CEO, warned of his vision of an AI-dominated future where entire categories of jobs would be taken over, presidents follow the suggestions of ChatGPT, and AI is used for war and injustice.

OpenAI CEO Sam Altman says the world may be on the precipice of a “fraud crisis” because of how artificial intelligence could enable bad actors to impersonate other people.

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.