Wall Street Banks Plan for AI's 'Day After' — SkimNews
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- Axios learned that America’s largest banks are working to prevent AI worst-case scenarios.
- Wall Street banks are also preparing for the “day after” a catastrophe, extending their planning beyond prevention.
- America’s financial institutions have joined the largest AI companies in disaster scenario-planning, described as prudent but worrisome.
Why it matters: America’s largest banks are addressing two stages of an AI catastrophe: preventing the worst case and preparing for the day after. Their participation with the largest AI companies brings financial institutions into the same disaster-planning exercise, while the approach is characterized as both prudent and worrisome.
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