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WASHINGTON (AP) — OpenAI CEO Sam Altman warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person’s voice to bypass security checks and move money.

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Altman spoke at a Federal Reserve conference Tuesday in Washington.

“A thing that terrifies me is apparently there are still some financial institutions that will accept the voiceprint as authentication,” Altman said. “That is a crazy thing to still be doing. AI has fully defeated that.” read more

By DAMIAN J. TROISE

NEW YORK (AP) — As the stock market pushes into record territory and bargains become harder to find, investors are once again turning to some of Wall Street’s beaten down companies in hopes of a quick score.

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The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.

Wall Street defines a meme stock as a stock that gains significant popularity and trading volume, primarily driven by social media hype and online communities, rather than the company’s fundamental financial performance. Think GameStop and AMC Entertainment in 2021, and a few subsequent instances. read more

By MICHAEL R. BLOOD and AMY TAXIN, Associated Press

LOS ANGELES (AP) — There are thousands of illegal marijuana farms around the country.

But when the federal government decided to stage one of its largest raids since President Donald Trump took office in January, it picked the biggest legal grower in California.

Nearly two weeks later, the reason for the federal raid at two Glass House farm sites northwest of Los Angeles remains unclear and has prompted speculation. Some say the raid was intended to send a chilling message to immigrants in the U.S. illegally — but also to rattle the state’s legal cannabis industry.

Meanwhile, the Republican Trump administration has been feuding with heavily Democratic California over funding for everything from high-speed rail construction to wildfire relief, so it’s also possible Glass House was pulled into a broader conflict between the White House and Sacramento.

“There are plenty of other places they can go to find illegal workers,” said political consultant Adam Spiker, who advises cannabis companies. “A lot of people believe there is a hint of politics in this. It’s federal enforcement coming into California to go after cannabis.” read more

More changes are coming to Disney’s Hollywood Studios theme park, including the replacement of Star Wars: Launch Bay in favor of a new attraction dubbed The Magic of Disney Animation.

There’s also a giant sorcerer’s hat in the works again. And company-supplied renderings indicate the removal of the archway that currently is the entrance to the area.

The park’s Animation Courtyard will be reimagined into a version of the real-life Walt Disney Studios.

In the main building, “You will interact with and explore silly takes on the iconic Disney Animation headquarters, including the many different studio departments. Only this time, some of our favorite pals have taken over to create the fun adventures,” reads a post on the official Disney Parks Blog.

Inspiration for the area comes from the short film “Once Upon a Studio,” in which characters came to life after the animators stepped away.

Also included will be a “Drawn to Wonderland” indoor playground inspired by Disney Legend Mary Blair’s “Alice in Wonderland” concept, character sketching lessons and meet-and-greets. read more

There’s still more than a year’s worth of work to do on NASA’s future Artemis launch tower at Kennedy Space Center, but all of the big pieces have been put in place.

The last of seven modular steel blocks that make up the bulk of the tower’s height was put into place on July 2 by the tower’s contractor Bechtel.

The block called Mod 10 brings it to 377 feet tall from the base structure.

“This achievement underscores our ongoing partnership with NASA and local unions, and the team’s steady progress toward safe delivery of this critical infrastructure,” the company said in an emailed statement.

Progress has been tracked on the company’s website with the latest addition dubbed “Reaching the Top.”

Mod 4 was the first of the seven blocks put in place on Jan. 3, growing the structure 272 feet in less than six months. Mod 10 will support the Crew Access Arm for ML-2, which is among the parts that have yet to be assembled before the company’s deadline of November 2026 for delivery to NASA. read more