Bank of America CEO Brian Moynihan joined the ranks of Wall Street leaders to share the serious concerns raised by artificial intelligence models such as “Mythos” developed by Anthropic. “This marks a huge shift in workload, as well as how quickly these tools affect system vulnerabilities and how quickly we have to respond.” Moynihan said. In recent months, the rapid evolution of artificial intelligence models has prompted the financial industry and the US government to begin evaluating potential threats. Anthropic claims that the Mythos model, which was launched earlier this year, excels at finding system vulnerabilities. Bank of America is one of the Wall Street institutions approved to use Mythos. The bank uses the model to test its own systems and share information with peers. Currently, the model is not open to the public; J.P. Morgan CEO Jamie Dimon warned earlier this week that making the system widely available to the public would be “as dangerous as handing over ballistic missiles to individuals.”

Bank of America CEO Brian Moynihan joined the ranks of Wall Street leaders to share the serious concerns raised by artificial intelligence models such as “Mythos” developed by Anthropic. “This marks a huge shift in workload, as well as how quickly these tools affect system vulnerabilities and how quickly we have to respond.” Moynihan said. In recent months, the rapid evolution of artificial intelligence models has prompted the financial industry and the US government to begin evaluating potential threats. Anthropic claims that the Mythos model, which was launched earlier this year, excels at finding system vulnerabilities. Bank of America is one of the Wall Street institutions approved to use Mythos. The bank uses the model to test its own systems and share information with peers. Currently, the model is not open to the public; J.P. Morgan CEO Jamie Dimon warned earlier this week that making the system widely available to the public would be “as dangerous as handing over ballistic missiles to individuals.”