Fed Chair Jerome Powell, Treasury’s Scott Bessent, and Top Bank CEOs Convene to Address Cybersecurity Risks of Anthropic’s Mythos AI Model
Washington, D.C., April 10, 2026 — Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent held a closed-door meeting on Tuesday with leading bank CEOs to discuss emerging cybersecurity risks associated with Anthropic’s latest artificial intelligence model, Mythos. According to sources who spoke with CBS News, the high-level discussion centered on the potential threats posed by the advanced AI capabilities of Mythos and similar systems.
The meeting took place at the Treasury Department’s headquarters in Washington, D.C., bringing together senior financial industry leaders to deliberate over safeguarding measures. Notably, Jamie Dimon, CEO of JPMorgan Chase, had been invited but was unable to attend.
Anthropic’s Mythos: Powerful AI with Cybersecurity Implications
Anthropic, the developer behind the generative AI chatbot Claude, revealed on Tuesday its initiative to collaborate with major technology companies such as Amazon, Apple, and Nvidia in a project aimed at bolstering cybersecurity defenses using the Mythos model. This initiative has been dubbed “Project Glasswing.”
The company emphasized that Mythos would not be broadly released due to its advanced capabilities. In particular, Mythos has demonstrated proficiency in identifying vulnerabilities within critical operating systems and web browsers. Anthropic released a statement expressing concerns about the rapid progression of AI technology and the potential consequences if such potent tools 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 noted. “The fallout—for economies, public safety, and national security—could be severe.”
Project Glasswing is intended as an urgent effort to apply the powerful AI model defensively to mitigate cybersecurity threats.
Government Response and Industry Engagement
A spokesperson for the Treasury Department indicated that the agency is actively urging financial institutions to prepare for a new wave of security challenges stemming from AI advancements.
“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 statement read.
The spokesperson also mentioned plans for further coordination meetings involving multiple regulators and financial institutions to address the evolving landscape of AI-driven risks, alongside other regulatory concerns.
The Federal Reserve declined to comment on the meeting.
AI and Financial Stability: An Emerging Priority
The growing focus on AI risks within financial sectors is not new. In 2023, the Biden Administration formally identified artificial intelligence as a potential threat to financial stability, marking the first time AI had been designated as such a risk in government policy.
Industry experts and government officials continue to closely monitor AI developments like Mythos, which underscore the balance between harnessing powerful technological tools and mitigating their potential misuse.
Reporters Aimee Picchi, Associate Managing Editor at CBS MoneyWatch, and Richard Escobedo, economic policy correspondent at CBS News, contributed to this report.
For further coverage on AI developments and cybersecurity, visit CBS News MoneyWatch.
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