Axios: Wall Street is preparing for the "day after" the AI disaster

Banks are increasingly concerned about the risks associated with AI agents that users provide login credentials to. These tools can perform unauthorized actions, raising alarms about potential errors and unpredictable behaviors. Institutions like JPMorgan Chase are blocking AI access to accounts requiring login data and exploring safer integration methods. Major banks have tested advanced AI models for better cyberattack recognition and are preparing for operational disruptions. The urgency for regulation is growing amid rising cybersecurity concerns, with calls for user-controlled AI agents. Washington is focusing on mitigating cyber risks as the pace of AI development accelerates.