Banks are blocking AI agents to protect their profit margins rather than safeguard customers, according to macro strategist Jim Bianco. "So much of our business model in finance is based on frictions and laziness," Bianco stated on the latest episode of the Bits + Bips podcast, hosted by Austin Campbell, Rama Luwalia, and Perkins Cr97. The discussion also covered Anthropic's S-1 filing, which revealed details about the AI company's revenue, compute costs, and governance structure. Bianco further noted that AI is forcing Wall Street to "mutate" amid a broader tech sell-off, while low-skilled white-collar jobs face growing risk from automation. The episode touched on geopolitical divides around AI adoption, with the US, UK, and France expressing caution while China and Indonesia embrace the technology.