Trump backs government AI safeguards in banking system, acknowledges risks

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April 15, 2026 8:13 AM EDT

U.S. President Donald Trump looks on after disembarking Air Force One as he arrives at Joint Base Andrews in Maryland, U.S., April 12, 2026. REUTERS/Kevin Lamarque

WASHINGTON, April 15 (Reuters) - ‌U.S. President ​Donald ​Trump acknowledged the risks artificial intelligence posed to the banking ‌system and said there should be government ⁠safeguards, but also believed the technology could make ‌the banking system ‌better and safer, according to an interview broadcast on Wednesday.

Asked if AI could ​undermine confidence in the banking system, Trump told Fox Business Network: "Yeah, probably. But ⁠it could also be the kind of technology that ​allows greatness in the banking system, makes it better and safer and ​more secure."

On whether government ‌should have some safeguards on AI technology - a "kill switch," - Trump said, "There ⁠should be."

Trump's interview with "Mornings with Maria" was taped on Tuesday.

The U.S. president's comments came ⁠after cybersecurity experts warned this week that Anthropic's new ​AI model, Mythos, could supercharge complex cyberattacks and poses significant challenges to the banking industry with ‌its legacy technology systems.

Anthropic declined to comment on their warnings. ‌It has said Claude Mythos Preview will ⁠not be made ‌generally available.

(Reporting by ​Doina Chiacu and Susan Heavey; Editing by Andrew Heavens and Alison ‌Williams)


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