Sam Altman Pitches World ID to Bankers – U.S. Federal Reserve conference
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Altman used the U.S. Federal Reserve conference platform to advocate World ID as a necessary evolution in identity verification for banks facing sophisticated AI threats, and he called for immediate industry change, though critics question the privacy implications and oversight of such a centralized biometric system.
Opinion:
Centralizing an ID system for the world would only create a larger, centralized high value target. There is a 100% chance that this system will be breached by internal or external threat actors. The only reason for something like this is control and access to data for AI.Sam Altman Pitches World ID to Bankers as AI Threatens Traditional Identity Systems
– At a U.S. Federal Reserve conference, OpenAI CEO Sam Altman promoted his iris-scanning digital ID system, World ID, as essential to combating AI-driven fraud in banking and finance.
– Altman warned that AI has already rendered voice, face and other biometric authentication methods ineffective, urging immediate adoption of new identity technologies.
– Developed by Altman’s company Tools for Humanity, World ID verifies users via iris scans and stores their identity data using blockchain, aiming to distinguish real humans from AI bots online.
– The project has faced international regulatory pushback over surveillance risks, data retention, lack of transparency and potential erosion of individual autonomy.
– When asked about AI making decisions misaligned with societal norms, Altman deflected, heightening skepticism about the safety and accountability of his digital identity vision.
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