Banks are deploying generative AI for a growing number of tasks from the mundane to the miraculous: writing emails, assessing credit risk, predicting trade fails.
Morning Overview on MSN
Anthropic restricts Mythos model, citing high risk of exploit finding
Anthropic has pulled back access to its Mythos AI model after the company’s internal security testers found it could identify ...
Morning Overview on MSN
Powell, Bessent warn big banks about risks tied to Anthropic AI models
Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent recently summoned executives from the nation’s ...
“Flexible risk models are crucial for effective intellectual property management, offering tools to navigate the trade secret landscape.” Being able to quantify risk probabilities for a trade secret ...
Catastrophe risk software provider KatRisk has acquired RED, a specialist provider of catastrophe models, including earthquake, flood, landslide, and wind ...
Boards formally treat model risk as important, but in practice many banks treat it as a compliance box-ticking exercise that only attracts senior attention when something visibly breaks or a regulator ...
Risk models at Credit Suisse had flagged the dangers before their $5.5 billion Archegos loss. Silicon Valley Bank's risk metrics showed clear warnings before their collapse. In both cases, ...
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