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Charles Schwab, JPMorgan Restrict Third-Party AI Agents Over Security Risk
Charles Schwab, JPMorgan Restrict Third-Party AI Agents Over Security Risk
Authored by Bill Pan via The Epoch Times,
Some of Wall Street's largest financial firms are blocking third-party artificial intelligence agents from directly accessing customer accounts or moving money, citing concerns about security, control, and accountability if an autonomous system makes a mistake.
Charles Schwab, which reported $13.3 trillion in client assets at the end of the third quarter, is one of the latest firms to draw that line.
"We are blocking unauthorized agents who try to log in on behalf of clients,"...
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Wexner Says He Was 'Conned' By Epstein, Did 'Nothing Wrong'
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Regulators Find Their Situational Awareness: Fed, BoE Probe Bank Exposure To Jane Street After AI Fund Meltdown
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Better late than never...
Nearly two months after Leopold Aschenbrenner's Situational Awareness went from a $45 billion AI juggernaut to a Citadel block trade after it dumped its entire public book on Ken Griffen's doorstep at a 10% discount and six weeks after we learned that Jane Street lost $15 billion in July, its first down month in a decade, central bankers on both sides of the Atlantic have noticed that something may have happened.
According to the...
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