Fed Chair Jerome Powell, Treasury’s Scott Bessent, and Top Bank CEOs Convene Over Anthropic’s New AI Model ‘Mythos’
April 10, 2026 — Washington, D.C. — Federal Reserve Chair Jerome Powell joined Treasury Secretary Scott Bessent and leading banking executives in a confidential meeting on Tuesday to discuss cybersecurity risks associated with Anthropic’s latest artificial intelligence (AI) model, dubbed Mythos. The meeting, held at the Treasury Department headquarters, reflects growing concern among U.S. financial and regulatory leaders about the potential impact of emerging AI technologies on national security and financial stability.
Meeting Highlights and Participants
Sources close to the matter informed CBS News that while many top bank CEOs attended the session, Jamie Dimon, CEO of JPMorgan Chase, was invited but unable to participate. The discussions were prompted by the advanced capabilities of Mythos, developed by Anthropic, the California-based AI firm known for creating the chatbot Claude.
Bloomberg News earlier reported on the gathering, indicating that Powell and Bessent summoned financial industry executives in response to the urgent need to address risks posed by Anthropic’s model and other AI innovations.
Understanding Mythos and Its Risks
Anthropic revealed on Tuesday that Mythos exhibits cutting-edge AI abilities capable of identifying significant vulnerabilities in major operating systems and popular web browsers. Because of these potent capabilities, Anthropic has elected to restrict the broad release of Mythos, citing concerns over misuse.
In a public statement, Anthropic underscored the accelerating pace of AI development:
“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. The fallout—for economies, public safety, and national security—could be severe.”
To harness Mythos’s potential defensively, Anthropic is spearheading a collaborative initiative called Project Glasswing, partnering with major technology firms including Amazon, Apple, and Nvidia. The project aims to leverage Mythos for enhancing cybersecurity protections and mitigating emerging threats.
Government Response and Regulatory Coordination
A Treasury Department spokesperson told CBS News that the agency is actively pushing financial institutions to bolster their defenses against evolving security threats linked to AI advancements. The statement also highlighted ongoing White House engagement:
“President Trump and the administration are continuing to engage on AI security in a thoughtful manner. 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 Treasury confirmed that further coordination meetings involving regulators and relevant institutions are planned to maintain continuous oversight of AI developments and associated risks.
A spokesperson for the Federal Reserve declined to comment on the specifics of the meeting.
AI and Financial Stability Concerns
These high-level discussions occur against a backdrop of increasing awareness within the U.S. government regarding AI-related risks. In 2023, the Biden Administration formally identified AI as a potential threat to financial stability — the first time such a designation was made — underscoring the evolving challenges posed by rapidly advancing technologies.
Looking Ahead
As AI models like Mythos reveal both groundbreaking capabilities and serious vulnerabilities, regulators, financial institutions, and technology companies are intensifying collaboration to navigate this complex landscape. The need to balance innovation with security and risk management remains paramount as AI’s influence on the global economy and national security grows.
Reporters: Aimee Picchi and Richard Escobedo, CBS News
Edited by Alain Sherter
For continued updates on AI, cybersecurity, and financial news, stay connected with CBS News.
© 2026 CBS Interactive Inc. All Rights Reserved.