Bank of America has hired an army of external contractors to help patch software vulnerabilities exposed by advanced artificial intelligence models, including Anthropic’s powerful Mythos system, the bank’s Chief Executive Officer Brian Moynihan revealed during a recent interview. Speaking with CNBC’s Leslie Picker following the release of the bank’s third-quarter earnings report, Moynihan detailed how […]
Bank of America on Wednesday posted a sharp profit decline for the third quarter after being hit with a massive $1.2 billion penalty by U.S. regulators. The steep regulatory fine, combined with trading operations that generated about $750 million less than expected, weighed heavily on the financial institution’s quarterly performance and disappointed Wall Street expectations. […]