Goldman Sachs Group Inc is "supplementing” its cyber and infrastructure resilience after regulators warned the largest US banks about the latest artificial intelligence model from Anthropic PBC, Chief Executive Officer David Solomon said.
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders last week to an urgent meeting on concerns that Mythos, the latest AI model from Anthropic, will usher in an era of greater cyber risk.
"Cybersecurity has long been at the core of our business,” Solomon said Monday on an earnings conference call with analysts. "This is part of our ongoing capabilities that we have been investing in and are accelerating our investment in. We’re aware of Mythos and its capabilities. We have the model. We’re working closely with Anthropic, and all of our security vendors.”
Wall Street banks including Goldman have started to test the Mythos model internally, Bloomberg News previously reported. Government officials didn’t raise any specific threat to financial institutions and more generally encouraged the banks to run the model against their own systems to improve their own defences.
Many of the executives called to last week’s meeting, including Solomon, were in Washington already for a meeting of the Financial Services Forum, an advocacy group made up of the biggest lenders.
"By the way, it is not the first meeting that that group has gone over to Treasury to talk about cybersecurity risks over a number of years,” Solomon said Monday. "This is something the industry is focused on. It’s something we’re focused on. And there’s nothing new in that focus.” – Bloomberg
