Sam Altman’s Stark Warning: Why AI Voice Cloning Signals a New Fraud Crisis for Banks

OpenAI CEO Sam Altman warns that AI voice cloning has made bank voice authentication obsolete, placing financial institutions at risk of an imminent fraud crisis. Learn what’s changing in banking security and why banks must act now.

ElevenLabs

ElevenLabs provides tools to convert text to realistic audio voices across more than 70 languages. Users generate speech, clone voices, create music tracks, produce sound effects and build conversational AI agents. The platform supports developers with APIs for text-to-speech, speech-to-text and music generation. It handles content like podcasts, audiobooks, videos and customer interactions via voice or chat. Enterprises use it for multilingual support and media production.