Bank of America CEO Joins a Group of Bank Executives Warning About the AI Risks of “Mythos”

BlockBeats report: On July 16, Brian Moynihan, CEO of Bank of America, joined a group of Wall Street leaders in expressing agreement with serious concerns about AI models such as “Mythos,” developed by Anthropic. “This signals a huge shift in workload, and it also relates to how quickly these tools can impact the speed of system vulnerabilities—and how fast 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 its Mythos model, released earlier this year, performed well in identifying system vulnerabilities.

Bank of America is one of the Wall Street institutions authorized to use Mythos. The bank uses the model to test its own systems and shares information with peers. At present, the model is not yet available to the public; earlier this week, JPMorgan Chase CEO Jamie Dimon warned that widely opening up the system to the masses is as dangerous as “handing ballistic missiles to individuals.” (Jin10)