Bank of America hires 1,000 contractors to patch AI-exposed software flaws
Overview
Bank of America hired 1,000 contractors in the second quarter to patch software vulnerabilities exposed by advanced AI models, including Anthropic's Mythos, CEO Brian Moynihan told CNBC. He said the bank spent a "couple hundred million plus" on software remediation and anti-money laundering compliance in the third quarter, and expects remediation costs to decline over time.
Written by AI from the articles below · updated Oct 14, 3:02 PM ET
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- CNBC · TechnologyNewsBank of America hired 1,000 contractors to patch flaws exposed by Anthropic's Mythos
AIBank of America CEO Brian Moynihan told CNBC the bank hired 1,000 contractors in the second quarter to patch software vulnerabilities exposed by advanced AI models including Anthropic's Mythos. He said the bank spent a "couple hundred million plus" on software remediation and anti-money laundering compliance in the third quarter, and expects remediation costs to decline over time.
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