Goldman Sachs is getting an early look at one of the world's most powerful AI models — and moving quickly to guard against the risks it could pose.
CEO David Solomon said the bank is working closely with Anthropic to assess cybersecurity threats tied to its latest system, after the rollout raised alarms across the industry. Solomon said the bank is "hyperaware" of its capabilities and is coordinating with Anthropic and its own security vendors to guard against potential threats.
Last week, Anthropic said it was not releasing its new model, Mythos, due to cybersecurity concerns. The company warned that the system was advanced enough that even non-experts could exploit vulnerabilities in major operating systems. Instead, it said it was offering limited previews to 11 organizations, as part of a cybersecurity group named "Project Glasswing."
"Cybersecurity has long been at the core of our business," Solomon said during the bank's first-quarter earnings call. "And we have for a very, very long time, put enormous resources forward."
The model's debut also prompted a meeting last week between Federal Reserve Chair Jerome Powell, Treasury Secretary Scott Bessent, and leaders of major US banks. Solomon said such discussions are not new, noting that banks have been engaging with the Treasury on cybersecurity risks for years.
"With the help of the US government and the model publishers, we are very focused on supplementing our cyber and infrastructure resilience," Solomon said. "And this is part of our ongoing capabilities that we have been investing in and are accelerating our investment in."
Despite the risks, Solomon emphasized his bullishness about AI's medium- to long-term effects on Goldman's business lines.
"Whenever you have acceleration of your technology, there are going to be be bumps, and there are going to be risk issues," he told one analyst later in the call."But the power of the technology, the ability to use it in an enterprise, to remake processes, to create efficiency, and also create more capacity to invest the growth — I can't find a CEO that's not talking about that," he said.
