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Citi CEO Warns of 'Tsunami' of Patches as AI Fuels Cyber Attack Race
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Moneycontrol•21-09-2026, 07:34
Citi CEO Warns of 'Tsunami' of Patches as AI Fuels Cyber Attack Race
- •Citigroup CEO Jane Fraser states companies are in a race to defend against cyber attacks as AI models become more powerful, leading to a "tsunami of patching."
- •The release of Anthropic's Mythos model, which warned of new cyber risks, prompted a meeting with Treasury Secretary Scott Bessent and then-Federal Reserve Chair Jerome Powell to urge Wall Street leaders to prepare their systems.
- •AI from firms like Google and Anthropic has inadvertently hacked into companies, leading to calls from executives, including Anthropic's Dario Amodei, to slow AI development and implement new safety measures.
- •Concerns about AI risks escalated after a former Anthropic employee warned the technology could be lethal by decade's end, though others like Nvidia's Jensen Huang dispute the extinction risk.
- •Fraser notes the bottleneck in AI development has shifted from chips to the energy required to power AI, leading to enormous global energy demand.
Key Questions Answered
Anthropic PBC released its Mythos model, a system that warned of a new era of cyber risk, prompting officials to urge executives to prepare their systems for powerful AI models.
According to Citigroup CEO Jane Fraser, the development logjam has moved away from chips and into the energy needed to power artificial intelligence, resulting in enormous global demand.
Goldman Sachs CEO David Solomon stated that humanity needs to slow down and take a deep breath while expressing high confidence that humanity will actively participate. Similarly, Nvidia Corp.'s Jensen Huang argued that the technology does not pose an extinction risk to humanity.
