Bank of America CEO Brian Moynihan has joined a growing list of Wall Street executives raising concerns about the risks tied to advanced AI models such as Anthropic's Mythos. Speaking on the issue, Moynihan said the technology could bring a major shift in workload while also changing the speed at which system vulnerabilities are identified, forcing institutions to respond faster. His comments come as the financial industry and the U.S. government have been assessing potential threats linked to the rapid progress of AI models in recent months. Anthropic has said Mythos, launched earlier this year, performs strongly at finding system vulnerabilities. Bank of America is one of the Wall Street firms authorized to use the model, and the bank has been testing its own systems with Mythos while sharing information with peers. The model has not been opened to the public. Earlier this week, JPMorgan Chase CEO Jamie Dimon warned that broad public access to the system would be as dangerous as "giving a ballistic missile to an individual."
Bank of America CEO Brian Moynihan has joined other Wall Street leaders in warning about serious risks tied to AI models such as Anthropic's Mythos, according to BlockBeats.
"This marks a huge shift in workload, and it also involves the speed at which these tools affect system vulnerabilities and how quickly we have to respond," Moynihan said.
Finance and the U.S. government are assessing potential threats
In recent months, the fast evolution of AI models has pushed the financial sector and the U.S. government to examine possible risks. Anthropic has said Mythos, which was introduced earlier this year, is highly effective at identifying system vulnerabilities.
Bank of America has access to Mythos
Bank of America is one of the Wall Street institutions authorized to use Mythos. The bank is using the model to test its own systems and share information with peers.
Mythos is not available to the public at this stage. Earlier this week, JPMorgan Chase CEO Jamie Dimon warned that making the system widely available to the public would be as dangerous as "giving a ballistic missile to an individual."
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