Tag: boa
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AI is good at finding security vulnerabilities, not great at fixing them
Bank of America recruited an additional 1,000 contractors to help patch all the vulnerabilities discovered by Anthropic’s Mythos model, the CEO said on Wednesday. Brian Moynihan, chairman and CEO at BoA, said during the company’s Q3 earnings call that it spent “a couple of hundred million plus” in remediation costs related to Mythos, and the…
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Enterprise AI ROI at Bank of America: developers, optimizing normie workflows, double spending
Thus far, the most measurable AI returns are found within technology units, such as with software development and coding, BofA’s DeMare said. Across most industries, AI is boosting coding productivity about 15% to 20%, he said, and that’s the gain BofA is seeing as its 20,000 software developers use coding agents to optimize the development…
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