World

Wall Street prepares for AI's "day after"

America's largest banks are working to prevent AI worst-case scenarios. But they're also preparing for the "day after" a catastrophe, Axios has learned. Why it matters: America's financial institutions have joined the largest AI companies in scenario-planning for disaster, a prudent but worrisome signal about the extent of the risk that major corporations see on the horizon. State of play: Banks are experiencing unvetted AI agent activity, primarily driven by customers providing login credential