Bank of America goes all in on controversial tech [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
But not all banks seem to be heeding these warnings, as nearly 70% of banks use AI in their operations, according to The Financial Brand And now Bank of America has outlined how it plans to further embrace the controversial technology. Banks warned about dangers of new AI tech Leaders of the largest U.S. banks, including Bank of America, were warned by Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell in early April about the risks of a new AI model from Anthropic, The New York Times reported. The model, called Claude Mythos Preview, could pose a cybersecurity risk to customers' personal data, government officials said. The new model has not been released to the public. Instead, Anthropic created a private group of tech and bank experts to evaluate the model and prepare accordingly, Reuters noted World leaders issue warnings on bank cybersecurity Other financial leaders have also warned that Mythos could threaten the world's banking systems, the Fi
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