“Certainly it is serious enough that it deserves the attention of every finance minister…The difference with the Strait of Hormuz is that we know where the Strait is and how big it is.The problem we face in Antropics is that the Strait is unknown and unknown.
Great care is required to put safeguards in place and processes to ensure the resilience of the financial system. ”
Top bankers are given access to the model in advance to test the system.
Venkatakrishnan, chief executive of Barclays CS, told the BBC: “It’s serious enough that people should be concerned. We have to understand it better, understand the vulnerabilities that are being exposed and fix them quickly.”
“This is going to be the new world,” he added, referring to a much more connected financial system with both opportunities and vulnerabilities.
Developer Anthropic said the model has already exposed multiple security vulnerabilities in some critical operating systems, financial systems and web browsers, but said governments and banks were being provided access ahead of its release to protect their own systems.
Bank of England Governor Andrew Bailey also told the BBC that the development needed to be taken very seriously: “We now need to consider very carefully what impact this latest AI development may have on the risk of cybercrime.”
Advances in AI and modeling have made it easier to detect existing vulnerabilities, such as those in core IT systems, as well as uncovering cybercrimes that bad actors may try to exploit. ”
The U.S. Treasury Department confirmed that it raised the issue with major banks and encouraged them to test the system before Anthropic released Mythos to the public.
Financial industry insiders have suggested that another prominent U.S. AI company may soon release a similarly powerful model without similar safeguards.
