Scoop: BNY tests new OpenAI, Anthropic models
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BNY, America's oldest bank, has early access to OpenAI's and Anthropic's advanced cyber capability models, according to CEO Robin Vince, making the bank one of few vetted enterprises with early access.
Why it matters: Wall Street is working overtime to win the AI security race.
What they're saying: Anthropic and OpenAI recognize the importance of releasing their cyber-capable models to certain institutions early, Vince tells Axios. It's key to protecting critical infrastructure, "and in our case, obviously the financial services world," Vince says.
- The AI labs also want feedback and real-world testing, Vince says.
- Other firms with access to these previews will be able to share lessons learned with one another as well as the labs themselves, Vince said.
Catch up quick: The access comes after Treasury Secretary Scott Bessent and Fed Chair Jerome Powell called a meeting with the biggest names on Wall Street to discuss Mythos, first reported by Bloomberg and confirmed by Axios.
- The meeting focused on risks of AI-powered attacks on bank systems as well as preventative measures.
Zoom in: OpenAI's new model variant, GPT-5.4-Cyber, will be rolled out to a broader set of organizations than Anthropic's Mythos, which initially reached about 40 enterprises.
- While Anthropic signaled that its model was too dangerous to release broadly, OpenAI is making tools more widely available for defensive cyber work while still preventing nefarious actors from accessing them, Axios' Sam Sabin writes.
Follow the money: BNY is all-in on AI.
- The bank, which plans to announce its earnings later this morning, has over 100 digital employees that have their own tasks, managers and email addresses.
- Under Vince's leadership, BNY rose to the best-performing stock in an index tracking a group of major banks, up 218%.
What we're watching: How banks maintain their long-held status as titans of cybersecurity defense in an AI-powered world.
- And which banks are defined by their ability to adapt as new models get stronger, faster.
