Bank of America: 1,000 New Employees Due to Concerns About Powerful AI

Bank of America is stepping up its defenses against high-performance AI models. Brian Moynihan, CEO of BofA, announced during a conference call to report the company’s financial results that the bank had hired 1,000 additional employees—external consultants—for what he called the “Mythos cleanup.” Powerful AI models like “Mythos” have exposed glaring security vulnerabilities in the bank’s IT systems that could be exploited by criminals—and which must therefore be quickly patched as a preventive measure…