Anthropic Mythos raises regulatory concerns; Bessent and Powell call an emergency meeting with bank executives

According to a report by Bloomberg, U.S. Treasury Secretary (Scott Bessent) and Federal Reserve Chair (Jerome Powell) convened an emergency meeting with bank executives to discuss concerns that Anthropic’s latest artificial intelligence (AI) model, Mythos, could pose a threat to important financial networks.

(Anthropic internal investigation reveals that the unreleased Claude Mythos Preview is “deceptive behavior”)

Bessent and Powell convene an emergency meeting with bank executives

Sources familiar with the matter said that on Tuesday, Bessent and Powell held an emergency meeting at the U.S. Treasury Department headquarters in Washington to ensure that all banks are aware of the future risks that Anthropic’s Mythos and potentially similar models may bring, and to take preventive measures to protect their systems. This previously unpublicized emergency meeting again shows that regulators view the possibility of new types of cyberattacks as one of the biggest risks facing the financial industry. All the banks invited to attend the meeting have been identified by regulators as systemically important banks, meaning their stability is crucial to the global financial system.

Does the Anthropic Mythos model pose a threat to the banking system?

Regulators’ concerns that the model could fall into hackers’ hands align with Anthropic’s cautious approach. Anthropic initially released the model only to a small number of large technology and financial companies. These include Amazon, Apple, and JPMorgan Chase, among others, all of which participate in the “Glasswing Program.” The initiative is intended to ensure the security of the most critical systems, and only then roll out other similar AI models.

Anthropic said that before the recent release of Mythos, they had discussed Mythos and its “offensive and defensive cyber capabilities” with U.S. officials.

Sources familiar with the matter said the CEOs attending the meeting included Jane Fraser of Citigroup, Ted Pick of Morgan Stanley, Ted Pick of Bank of America, Charlie Scharf of Wells Fargo, and David Solomon of Goldman Sachs, while JPMorgan Chase CEO Jamie Dimon was unable to attend.

This article, “Anthropic Mythos raises regulatory concerns; Bessent and Powell convene an emergency meeting with bank executives,” first appeared on the blockchain news ABMedia.