Microsoft President Brad Smith criticized the US government's approach to regulating AI, calling for more transparency and better tools. His comments follow recent crackdowns on Anthropic and OpenAI models, which he believes were handled without proper rules, impacting business planning and international confidence.
OpenAI will launch its new GPT-5.6 AI model series on Thursday after a security review by US officials. The models, including the advanced 'Sol' version, offer enhanced capabilities but also raise concerns about potential misuse, leading to a temporary delay.
The ECB has instructed 110 major European banks to develop action plans by October 31 to address cybersecurity threats from advanced AI systems. The European Systemic Risk Board also warned of 'severe' systemic cyber risks from frontier AI models, noting their potential to amplify cyberattacks and create strategic dependencies.
360 Security Technology founder Zhou Hongyi called for China to develop its own AI cybersecurity model, akin to Anthropic's Mythos, to counter US technological advantage and cybersecurity risks. He described Mythos as a "cyber nuclear weapon" that has democratized cyberattacks, putting China at a strategic disadvantage.
President Trump signed an executive order for early government access to advanced AI models to assess cybersecurity risks and protect critical infrastructure. The voluntary framework allows US agencies to vet AI systems up to 30 days before public release.
Athletes are increasingly targeted by cybercriminals using AI-driven scams, data breaches, and social media exploitation, with significant financial losses reported in the sports industry.
The “Copy Fail” Linux bug could impact crypto infrastructure that relies on Linux servers, highlighting growing cybersecurity risks in the digital asset industry. Format: Explained
JPMorgan Chase CEO Jamie Dimon cautioned that the booming private credit market faces significant challenges when the next credit cycle hits, citing the sector's size and uneven standards. He also highlighted cybersecurity risks, geopolitical instability, and potential inflationary pressures as key concerns for the global economy.
Goldman Sachs has barred its bankers in Hong Kong from using Anthropic's Claude AI models, following consultations with Anthropic and adopting a strict interpretation of its contract. The restriction does not extend to other AI vendors like OpenAI. Western AI models are banned in mainland China under the Great Firewall, while Hong Kong has generally operated outside those restrictions. US AI firms are concerned about 'distillation' - the risk that intensive use in China could help local actors train competing systems. The move could pose challenges for Hong Kong's role as a financial hub as bankers may fall behind peers elsewhere.
Goldman Sachs has prohibited its Hong Kong bankers from using Anthropic's Claude AI models, citing contract interpretations amid US-China tech tensions. This move, impacting coding and financial modeling, raises concerns for Hong Kong's financial hub status and other institutions using the AI. The restriction highlights broader worries about AI intellectual property theft and cybersecurity risks.
Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems, as concerns over Anthropic’s latest AI model Mythos spread. Singapore’s financial regulator is urging banks to plug holes, while South Korea’s government agencies have met to review and discuss how to respond to the risks. In Australia, authorities expect lenders to be vigilant to ensure clients are not put at risk by inadequate controls. The actions around the region reflect rising global concern...
Anthropic is restricting its new Mythos AI model to select tech and banking partners after determining it poses unprecedented cybersecurity risks. The company is in discussions with the US government, while Treasury Secretary Scott Bessent convened senior bankers last week to discuss using the model for vulnerability detection. The UK government AI Security Institute also warned Mythos represents a step up in cyber threat level.
Goldman Sachs CEO David Solomon is working with Anthropic to address cybersecurity risks posed by the Mythos AI model, which can autonomously identify and exploit software vulnerabilities. Regulators and major banks are accelerating defensive investments in response.
