IT Home On October 15, according to tech media CNBC’s report yesterday, Bank of America CEO Brian Moynihan revealed that the bank has hired a large number of external contractors to help fix software vulnerabilities found by cutting-edge AI models such as Anthropic Mythos.
Moinehan said: “When the current path model came out, many of us wanted to address the issues as quickly as possible. We hired 1,000 outsourced personnel in the second quarter to help with vulnerability fixes. These people still work together here with 3,000 internal employees.”
At the same time, the CEO revealed earlier that Bank of America spent over several hundred million dollars in the third quarter on software bug fixes and anti-money laundering compliance issues.
At the same time, AI is also helping Bank of America reduce expenses in other areas. Mooneyhan told analysts that the bank currently has approximately 130 internal AI projects, and the cost savings from these projects are expected to increase from $300 million this year (IT Home note: at current exchange rates, this is about 2.012 billion RMB) to $700 million next year (at current exchange rates, this is about 4.695 billion RMB).