Citigroup CEO Jane Fraser says companies worldwide are engaged in a “tsunami of patching” to defend against increasingly capable AI systems and AI-enabled cyberattacks. She said the central challenge has shifted from securing chip supplies to meeting the enormous energy demands of AI, while banks face the added burden of defending against fraud, money laundering and sophisticated social-engineering attacks as they deploy AI for growth. Anthropic CEO Dario Amodei has urged companies to slow development and introduce stronger safeguards, including independent evaluations, while Goldman Sachs CEO David Solomon has also called for caution. Other industry leaders, including Nvidia CEO Jensen Huang, argue that AI development should continue rapidly with safety measures in place and reject claims that the technology poses an existential threat. The broader consensus is that AI investment remains important, but cybersecurity and independent oversight must keep pace with the technology’s rapid advancement.
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