Ad
Skip to content
Subscribe Now
Maximilian Schreiner
Maximilian Schreiner View the LinkedIn Profile of Maximilian Schreiner
Jul 23, 2025
AI in practice
Copy the url to clipboard Share this article Go to comment section
Read full article about: Sam Altman warns of "significant, impending fraud crisis" due to AI

Sam Altman warns: AI has already broken common authentication methods – and banks aren’t responding.

“A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot of money or do something else — you say a challenge phrase, and they just do it,” said OpenAI CEO Sam Altman at a Federal Reserve event. “That is a crazy thing to still be doing… AI has fully defeated most of the ways that people authenticate currently, other than passwords.”

Altman spoke of a “significant, impending fraud crisis” and emphasized that AI-driven voice and video spoofing is already a real risk – with potentially dramatic consequences for the financial sector.

Comment Source: CNN
Matthias Bastian
Matthias Bastian View the LinkedIn Profile of Matthias Bastian
Jul 19, 2025
AI in practice
Copy the url to clipboard Share this article Go to comment section
Read full article about: Netflix used generative AI to create a VFX scene in its series "El Eternauta"

Netflix used generative AI to produce a VFX scene in its Argentinian series “El Eternauta,” co-CEO Ted Sarandos said during the company’s earnings call. The AI-assisted sequence was finished ten times faster than traditional methods and would have been too expensive to make otherwise, Sarandos said. Like every CEO, he claimed AI is meant to support creatives, not replace them. The scene also used virtual production tools.

Comment Source: Earnings Transcript
Matthias Bastian
Matthias Bastian View the LinkedIn Profile of Matthias Bastian
Jul 19, 2025
AI in practice
Copy the url to clipboard Share this article Go to comment section
Read full article about: An OpenAI AI model finished second in the AtCoder Heuristics World Finals

An OpenAI AI model placed second in the AtCoder Heuristics World Finals, an international competition for solving tough optimization problems. The model ran completely on its own for ten hours, competing under the same rules as human participants. After a strong start, it briefly lost the lead before catching up again, only to be overtaken at the last moment by veteran competitor FakePsyho.

OpenAI says this marks the first time an AI has cracked the top three in a major programming and math competition. OpenAI hasn't revealed which specific model it used. The competition itself was sponsored by the company.

Comment Source: Andre Saraiva
Matthias Bastian
Matthias Bastian View the LinkedIn Profile of Matthias Bastian
Jul 18, 2025
AI in practice
Copy the url to clipboard Share this article Go to comment section
Read full article about: Perplexity's valuation soared to $18 billion after its latest funding round

Perplexity's valuation has jumped to $18 billion, up from $14 billion just two months ago, according to the Financial Times. New investors paid the higher price after its latest funding round. The company’s annual revenue grew from $35 million in August 2023 to $150 million.

Investors include Nvidia, SoftBank’s Vision Fund 2, venture firms New Enterprise Associates and IVP, Amazon founder Jeff Bezos, and Meta’s Yann LeCun. Perplexity offers an AI search engine and a paid browser called "Comet," which can handle tasks like shopping, summarizing social media, and sending emails. Apple is reportedly interested in acquiring the company.

Comment Source: Financial Times