OpenAI CEO Sam Altman is warning of an "impending fraud crisis," allowing practically anybody to imitate not only the voice but like the likeness of others with the help of AI.

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.