BofA CEO joins bank executives warning against "Mythos" AI risk

Odaily Planet Daily News Bank of America CEO Brian Moynihan has joined a group of Wall Street leaders in expressing serious concerns about AI models like "Mythos" developed by Anthropic. "This marks a massive shift in the volume of work, 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, has excelled in identifying system vulnerabilities. Bank of America is one of the Wall Street institutions authorized to use Mythos, leveraging the model to test its own systems and share information with peers. Currently, the model is not yet open to the public; Jamie Dimon, CEO of JPMorgan Chase, warned earlier this week that making the system widely accessible to the public would be as dangerous as "giving a ballistic missile to an individual." (Bloomberg)