Bank of America hired 1,000 contractors to patch flaws exposed by Anthropic's Mythos

Bank of America brought in 1,000 third-party consultants to help its 3,000 internal staff patch proprietary and vendor software flaws exposed by Anthropic's Mythos AI model. Software remediation and AML compliance added hundreds of millions in third-quarter costs, while 130 internal AI projects are expected to deliver $700 million in savings by 2027.

• 1,000 external contractors joined 3,000 in-house staff on patching work
• Q3 costs for remediation and AML compliance reached a couple hundred million plus
• 130 internal AI projects seen saving $700 million in 2027, up from $300 million this year
• Head count fell by about 3,400 employees over the past year