David Solomon

Here's what I can say publicly.

I think it's very important.

These models are incredibly powerful.

And I think it's very, very important that these companies that are producing these incredibly powerful models

work collaboratively with the government and with the private sector to give people opportunities to understand what these models can do and to try to continue to secure our critical infrastructure as effectively as we can.

Do I think that the process around this was perfect?

No, but we're learning as we go.

And I think there are a lot of things in the process that have been good and have been helpful.

It wouldn't surprise you that just using financial services, for example, is the eight largest banks are significantly ahead on cyber investment and cyber protection over the last decade than bank number 2000 that sits in the middle of the country in Arkansas.

Okay.

The risk in financial services, it doesn't mean that there can't be issues for the biggest banks and the biggest banks need to constantly, constantly, constantly, constantly think about this.

We invest a lot in this and we're all over this.

That doesn't mean we can't have a problem.

We could.

But the risk is that a medium-sized bank has a problem and it creates fear that

in a broader group of medium-sized banks.

And you don't have to look that far.

If you look at SVB and how SVB had a problem and it created fear in a variety of banks, you could see a cyber attack at a mid-sized bank creating ripples through the banking system, which will be dislocating.

And so

I think it's really important that we figure out how to help the broader business community get more invested.