Trump backs government AI safeguards in banking system, acknowledges risks


U.S. President Donald Trump looks on after disembarking Air Force One as he arrives at Joint Base Andrews in Maryland, U.S., April 12, 2026. REUTERS/Kevin Lamarque

WASHINGTON, April 15 (Reuters) - ⁠U.S. President Donald Trump acknowledged the ⁠risks artificial intelligence posed to the banking ‌system and said there should be government safeguards, but also believed the technology could make the banking ​system better and safer, according ⁠to an interview broadcast ⁠on Wednesday.

Asked if AI could undermine confidence in ⁠the ‌banking system, Trump told Fox Business Network: "Yeah, probably. But it could ⁠also be the kind of technology that ​allows greatness ‌in the banking system, makes it ⁠better and ​safer and more secure."

On whether government should have some safeguards on AI technology - a "kill switch," - ⁠Trump said, "There should be."

Trump's interview ​with "Mornings with Maria" was taped on Tuesday.

The U.S. president's comments came after cybersecurity experts warned this ⁠week that Anthropic's new AI model, Mythos, could supercharge complex cyberattacks and poses significant challenges to the banking industry with its ​legacy technology systems.

Anthropic declined to ⁠comment on their warnings. It has said ​Claude Mythos Preview will not ‌be made generally available.

(Reporting ​by Doina Chiacu and Susan Heavey; Editing by Andrew Heavens and Alison Williams)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

YouTube suspends pro-Iran channel posting Lego-style clips mocking Trump
Starmer summons TikTok, Meta, X bosses over children's online safety
Musk's staff reaches out to suppliers for Terafab project, Bloomberg News reports
Apple, Google offer ‘nudify’ apps despite policies against them
Russia toughens restrictions on VPNs amid Internet crackdown
GSMA: AI-driven chip shortage slowing efforts to get world online
Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
Allbirds shares jump over 400% on plans to pivot to AI from sneakers
Cadence, Nvidia working together on developing AI for robotics
ECB to quiz bankers about risks of Anthropic's new AI model, source says

Others Also Read