UK banks still awaiting access to Mythos AI model
What's the story
UK banks are yet to gain access to Anthropic's Mythos artificial intelligence (AI) model, Bank of England Governor Andrew Bailey has said. The delay comes six weeks after the initial concerns were raised. Speaking to Bloomberg TV, Bailey said that while Anthropic was open to sharing the models on a trial basis, there seems to be a political hold-up in the process.
Access issues
Delay in access could be political: Bailey
Bailey said the delay in accessing the Mythos AI model could be due to political reasons, specifically with the Trump administration. He stressed that given their concern about potential risks, it is crucial for them to have access to this technology. The Bank of England Governor also expressed his inability to explain why there are different processes for different companies in this context.
AI regulations
Concerns over Mythos AI model's potential risks
Anthropic has been at odds with the Trump administration over regulations on how its AI tools could be used by the military. Last month, Bailey had said that "Anthropic may have found a way to crack the whole cyber risk world open." However, some cybersecurity experts have since said that fears of unrestricted hacking with this model are exaggerated.
Cybersecurity strategy
Need for global approach to hacking risks
Bailey, who also heads the Financial Stability Board, emphasized the need for a global approach to hacking risks. He said, "Spillovers from this sort of cyber risk are so big that we can't just have a single sort of national approach." The Bank of England Governor warned against thinking that dealing with banks alone would suffice, as they are all heavily interconnected in this regard.