Federal Reserve Chair Powell, Treasury’s Bessent, and Leading Bank CEOs Convene to Address Cybersecurity Risks from Anthropic’s Advanced AI Model
April 10, 2026 — In a significant closed-door meeting held Tuesday at the U.S. Treasury Department headquarters in Washington, D.C., Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent gathered top bank chief executives to discuss cybersecurity risks posed by Anthropic’s latest artificial intelligence (AI) model, Mythos.
Sources familiar with the discussions told CBS News that the focus was on the potential vulnerabilities introduced by advanced AI technologies like Mythos, which have the capacity to uncover security flaws in major operating systems and web browsers. The stakes are high as these capabilities could be exploited by malicious actors if left unchecked.
Notably, Jamie Dimon, CEO of JPMorgan Chase, was invited but unable to attend the meeting. Bloomberg News initially reported on the summit, describing it as a coordination effort aimed at understanding and mitigating the risks from Mythos and other emerging AI models in the financial sector.
Anthropic’s Mythos and Project Glasswing
Anthropic, the AI company behind the chatbot Claude, announced on Tuesday its plan to collaborate with major tech companies, including Amazon, Apple, and Nvidia, in an initiative called Project Glasswing. This project intends to harness Mythos’s advanced capabilities to reinforce cybersecurity defensive measures across industries.
Due to Mythos’s powerful and potentially disruptive nature, Anthropic has opted against releasing the model widely. The company acknowledges that while the model’s sophisticated functions can strengthen defenses, the rapid proliferation of such AI systems could lead to misuse with serious economic, public safety, and national security consequences.
“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 stated in a blog post.
Government Response to Emerging AI Security Threats
A Treasury Department spokesperson emphasized that the administration is actively pushing financial institutions to anticipate and prepare for new cybersecurity threats driven by advancements in AI.
“The administration is continuing to engage on AI security in a thoughtful manner,” the spokesperson said. “The White House has been leading an ongoing core interagency task force, which includes the Treasury, that has been proactively engaging across government and industry to execute the first phases of a plan to ensure the United States and Americans are protected.”
Additional coordination meetings are planned involving various regulators and institutions to manage ongoing developments and safeguard the financial system against evolving risks.
A Federal Reserve spokesperson declined to comment on the meeting or related details.
AI as a Financial Stability Concern
The meeting and enhanced government focus come against the backdrop of the Biden administration’s 2023 declaration that AI could pose a risk to financial stability—a landmark recognition of the technology’s potential systemic impacts.
As AI technologies continue to evolve rapidly, regulators and industry leaders are increasingly collaborating to anticipate risks and implement safeguards.
About the Authors:
Aimee Picchi is the Associate Managing Editor for CBS MoneyWatch, specializing in business and personal finance reporting. She has previously contributed to Bloomberg News, USA Today, and Consumer Reports. Richard Escobedo covers economic policy for CBS News and serves as a coordinating producer for Face the Nation.
For ongoing coverage of AI developments, cybersecurity, and economic policy, visit CBS News MoneyWatch.