RBC considers restricting meta's AI agent Muse

Dave McKay, president and CEO of Royal Bank of Canada, has indicated that the bank is evaluating measures to prevent Meta Platform Inc.'s AI agent Muse from accessing customer data. McKay emphasized the need to safeguard consumer information, stating that the bank would bear liability if such data were compromised. The remarks were made during an appearance on 'Bloomberg Surveillance.' The bank's consideration comes amid growing concerns over the security and privacy implications of AI agents accessing sensitive financial data. While no specific timeline or decision has been announced, McKay's comments highlight the increasing scrutiny being placed on AI platforms by financial institutions. This development aligns with broader industry trends of implementing stricter controls over data access by emerging technologies.