Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent convened a closed-door meeting on Tuesday with top bank CEOs to discuss the cybersecurity risks posed by Anthropic’s latest artificial intelligence model, known as Mythos, sources told CBS News.
The gathering took place at the Treasury Department’s headquarters in Washington, D.C., focusing on the potential vulnerabilities Mythos and similar AI technologies could introduce to financial systems. JPMorgan Chase CEO Jamie Dimon was invited but did not attend.
Anthropic, the company behind the AI chatbot Claude, announced on Tuesday that it is initiating a collaborative project with major technology firms including Amazon, Apple, and Nvidia. The initiative, called Project Glasswing, aims to leverage Mythos’s capabilities to enhance cybersecurity defenses.
Anthropic stated it will not widely release Mythos due to its advanced ability to uncover vulnerabilities in widely used operating systems and web browsers. The company warned that the rapid development of AI capabilities like Mythos could soon become more broadly accessible, potentially falling into the hands of actors lacking commitment to safe deployment.
“The fallout—for economies, public safety, and national security—could be severe,” Anthropic said in a public post regarding Project Glasswing. The effort intends to utilize these powerful AI tools defensively to mitigate risk.
Why it matters
In 2023, the Biden administration officially recognized artificial intelligence as a potential threat to financial stability, highlighting growing government concern about AI’s impact on critical infrastructure. This meeting underscores escalating efforts by financial regulators and industry leaders to address cybersecurity threats posed by next-generation AI models.
Background
Anthropic is a notable AI developer recognized for its chatbot technology Claude. Its newest model, Mythos, demonstrates significantly advanced capabilities compared to existing generative AI tools, particularly in identifying system vulnerabilities. As AI systems become more powerful and widely adopted, federal officials and private sector leaders have increased coordination to understand and manage associated risks.
Spokespersons for the Federal Reserve and Treasury have not issued immediate comments following the meeting.
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