Federal Reserve Chair Jerome Powell, Treasury Secretary Scott Bessent, and Top Bank CEOs Convene to Discuss Cybersecurity Risks of Anthropic’s Mythos AI Model
April 10, 2026 – Washington, D.C. — In a high-profile closed-door meeting on Tuesday, Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent gathered with chief executives from major U.S. banks to address the cybersecurity threats posed by Anthropic’s newest artificial intelligence model, Mythos, according to multiple sources familiar with the discussions.
The meeting, held at the Treasury Department’s headquarters in Washington, D.C., underscored growing concerns among financial regulators and industry leaders about the accelerated advancement of AI capabilities and their potential to expose critical vulnerabilities in financial systems and beyond.
Anthropic’s Mythos: A Powerful but Risky AI Tool
Anthropic, a leading developer of generative AI technologies and creator of the well-known chatbot Claude, announced on the same day the formation of Project Glasswing — an initiative that brings together several technology giants, including Amazon, Apple, and Nvidia, to leverage Mythos for enhancing cybersecurity defenses.
Mythos has demonstrated advanced capabilities that include identifying security weaknesses in major operating systems and popular web browsers. Due to the powerful nature of the model, Anthropic has opted not to release it widely, citing concerns about the risks if similar technologies fall into the hands of malicious actors.
"Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely," Anthropic warned in a recent blog post. "The fallout—for economies, public safety, and national security—could be severe."
Project Glasswing is described as an “urgent attempt” to harness Mythos’s capabilities for defensive cybersecurity applications amid the rapid evolution of AI threats.
The Meeting: Financial Sector on High Alert
While JPMorgan Chase CEO Jamie Dimon was invited to the meeting, sources reveal he was unable to attend. The gathering represents a coordinated effort by the Federal Reserve and Treasury to prompt heightened vigilance and preparedness across the financial sector.
A Treasury Department spokesperson emphasized the government’s proactive stance on emerging AI risks: “The White House has been leading an ongoing core interagency taskforce, which includes the Treasury, that has been proactively engaging across the government and industry to execute the first phases of a plan to ensure the United States and Americans are protected.”
The spokesperson added, “Looking ahead, additional coordination meetings by Treasury are planned across a number of regulators and institutions on an ongoing basis to address these developments, as well as a host of other issues.”
The Federal Reserve declined to comment on the specifics of the discussion.
Broader Context: AI’s Growing Financial Stability Concerns
This meeting occurs amid a backdrop of rising scrutiny concerning artificial intelligence’s implications for financial markets and national security. In 2023, the Biden Administration officially recognized AI as a potential threat to financial stability — marking a shift in how regulators view the intersection of emerging technology and economic risk.
Anthropic’s Mythos model and Project Glasswing demonstrate the complex balance regulators and industry leaders must strike between fostering innovation and safeguarding infrastructure against novel cyber threats.
Looking Forward
As AI technologies continue to evolve at a breakneck pace, the collaboration between government agencies, financial institutions, and tech companies signals an urgent and coordinated approach to mitigating risks before they can be exploited. The Treasury Department and Federal Reserve are expected to maintain ongoing dialogues with stakeholders to navigate the challenges posed by advanced AI models like Mythos.
Reported by Aimee Picchi and Richard Escobedo, CBS News.
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