New TechnologiesSam Altman Pitches World ID to Bankers as AI Threatens Traditional Identity Systems Posted on August 13, 2025 by Administrator OpenAI CEO Sam Altman is now taking his controversial iris-scanning identity project directly to the financial sector, framing his World ID system as a necessary bulwark against a coming crisis of AI-driven fraud. Speaking at a U.S. Federal Reserve conference on banking regulation on July 22, Altman warned that artificial intelligence has already rendered most existing authentication methods obsolete and the financial industry is dangerously unprepared.
