tech
BNP Paribas works with Mistral on a European answer to Anthropic’s Mythos
BNP Paribas is working with Mistral AI to prepare for a category of AI cybersecurity tools its US peers already use and its European supervisors cannot reliably get hold of, according to a Bloomberg report on Tuesday.
TL;DR
- BNP Paribas is working with Mistral AI to develop an AI cybersecurity tool for European banks.
- This tool aims to be a European counterpart to advanced AI systems like Anthropic's Mythos, which are largely inaccessible to European institutions.
- European supervisors, including the European Central Bank, are concerned that banks without access to such tools will be at a significant defensive disadvantage.
- Anthropic has restricted access to its Mythos system, citing safety and security concerns, leading to stalled negotiations with the European Commission.
- Mistral AI, funded by European entities, is pitching a sovereign European alternative to fill this gap.
- BNP Paribas's involvement signifies a commitment to developing domestic AI capabilities within the European banking sector.
- This effort follows a broader pattern of European institutions seeking to build domestic equivalents to advanced US technologies in various sectors.