US financial regulators are escalating concerns that a new class of AI models could introduce systemic cyber risks.
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell have called an urgent meeting with top Wall Street executives in Washington to discuss potential threats emerging from Anthropic’s Mythos model, Bloomberg reports.
The meeting, arranged on short notice, focused on ensuring major banks are preparing for a new generation of AI-driven cyberattacks.
In a statement to Fox News, National Economic Council Director Kevin Hassett says the government understands that powerful AI models pose a significant risk to the financial industry.
“We’re taking every step we can to make sure that everybody is safe from these potential risks, including Anthropic agreeing to hold back the public release of the model until our officials have figured everything out.
There’s definitely a sense of urgency.”
The gathering included chief executives from systemically important institutions, underscoring the scale of concern.
Attendees included Citigroup’s Jane Fraser, Morgan Stanley’s Ted Pick, Bank of America’s Brian Moynihan, Wells Fargo’s Charlie Scharf and Goldman Sachs’ David Solomon. JPMorgan’s Jamie Dimon was not present at the meeting.
The involvement of Powell signaled that regulators view the issue as a potential systemic risk, rather than a firm-specific concern.
The banks invited to the meeting are all designated as systemically important, meaning their stability is critical to the global financial system.
Officials are particularly focused on how models like Mythos could enable more advanced and scalable cyberattacks, raising the stakes for financial infrastructure.
Earlier this week, Anthropic launched Project Glasswing to give Amazon Web Services, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorgan Chase, the Linux Foundation, Microsoft, Nvidia and Palo Alto Networks access to Claude Mythos Preview.
Anthropic said it is limiting access to the powerful AI model to allow its partners to develop defensive measures using Claude Mythos Preview.
Spokespeople for the banks declined to comment. A representative for Anthropic had no immediate comment.
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