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Bank of America Deploys 4,000 Workers to Patch Vulnerabilities Found by Frontier AI

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Bank of America Deploys 4,000 Workers to Patch Vulnerabilities Found by Frontier AI

Bank of America deployed 1,000 contractors and 3,000 employees to fix software flaws discovered by Anthropic’s Mythos and other frontier artificial intelligence models, CEO Brian Moynihan told CNBC in a report published Wednesday (Oct. 14).

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The bank added the contractors in the second quarter and is still employing them, according to the report.

Bank of America’s increased spending on this effort is expected to decline over time as the software vulnerabilities get patched, per the report.

Moynihan’s comments are some of the first to detail the costs incurred by companies that are remediating software flaws discovered by frontier AI models, according to the report.

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Frontier models can be used by companies to fix vulnerabilities that in some cases are decades old, but they can also be used by hackers to exploit vulnerabilities, per the report.

“That risk is real risk, and that’s why when the frontier-type models came out … A lot of us sat down and said, ‘How do we figure out how to get through this quickly?’” Moynihan said in the report.

S. Treasury Department spokesperson told PYMNTS in April that Treasury Secretary Scott Bessent convened a meeting of regulators and financial institutions to initiate a coordinated approach to the rapid developments in AI . The spokesperson said Treasury planned to lead such meetings on a continuing basis.


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