Bank of America CEO joins ranks of bank executives warning about "Mythos" AI risks

Odaily News: Bank of America CEO Brian Moynihan has joined a group of Wall Street leaders in expressing serious concerns about artificial intelligence models like "Mythos," developed by Anthropic. "This marks a massive shift in workload, as well as the speed at which these tools can impact system vulnerabilities, and how quickly we must respond," Moynihan said. In recent months, the rapid evolution of AI models has prompted the financial industry and the U.S. government to assess potential threats.

Anthropic claims that the Mythos model, launched earlier this year, excels at identifying system vulnerabilities. Bank of America is one of the Wall Street institutions authorized to use Mythos, employing the model to test its own systems and share information with peers. Currently, the model is not yet open to the public; JPMorgan Chase CEO Jamie Dimon warned earlier this week that broadly opening the system to the masses would be as dangerous as "giving ballistic missiles to individuals." (Bloomberg)