[…] Software provider AppZen said fake AI receipts accounted for about 14 per cent of fraudulent documents submitted in September, compared with none last year. Fintech group Ramp said its new software flagged more than $1mn in fraudulent invoices within 90 days.
About 30 per cent of US and UK financial professionals surveyed by expense management platform Medius reported they had seen a rise in falsified receipts following the launch of OpenAI’s GPT-4o last year.
“These receipts have become so good, we tell our customers, ‘do not trust your eyes’,” said Chris Juneau, senior vice-president and head of product marketing for SAP Concur, one of the world’s leading expense platforms, which processes more than 80mn compliance checks monthly using AI.
Several platforms attributed a significant jump in the number of AI-generated receipts after OpenAI launched GPT-4o’s improved image generation model in March.
