Trump Advocates AI Safeguards in Banking Amidst Cybersecurity Concerns

President Donald Trump discussed the potential risks and benefits of artificial intelligence on the banking system, suggesting the need for government safeguards. He acknowledged AI's possibility to undermine financial confidence while also highlighting its potential for enhancing security. This follows warnings regarding Anthropic's AI model, Mythos, from cybersecurity experts.

In a recent interview with Fox Business Network, U.S. President Donald Trump acknowledged both the risks and opportunities presented by artificial intelligence in the banking sector. He emphasized a need for government-imposed safeguards to mitigate potential threats.

As concerns grow over AI's ability to compromise banking confidence, Trump remarked on its dual nature, recognizing that while AI could undermine trust, it might also significantly enhance the system's safety and security.

The discussion comes in the wake of warnings from cybersecurity professionals about Anthropic's new AI model, Mythos, which, according to experts, could intensify cyberattacks. Anthropic has refrained from commenting, stating that Claude Mythos Preview will not be widely released.

(With inputs from agencies.)