Fed Chair Powell, Treasury’s Bessent, and Top Bank CEOs Convene to Address Cybersecurity Risks of Anthropic’s Mythos AI Model
On Tuesday, Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent held a private meeting with leading bank CEOs to discuss the cybersecurity challenges and risks posed by Anthropic’s latest artificial intelligence model, Mythos, according to sources familiar with the matter who spoke with CBS News. The session took place at the Treasury Department’s headquarters in Washington, D.C., and centered on the emerging threats linked to Mythos and similar advanced AI technologies.
Notably, Jamie Dimon, Chief Executive Officer of JPMorgan Chase, was invited to the meeting but was unable to attend, sources indicated. Bloomberg News first reported the gathering, highlighting concerns among regulators and financial institutions about the potentially significant implications of deploying powerful AI models in critical infrastructure sectors such as banking.
Anthropic, the AI company behind the generative chatbot Claude, announced on Tuesday it is launching a collaborative initiative named Project Glasswing. The project includes partnerships with major technology companies, including Amazon, Apple, and Nvidia, aiming to harness Mythos’ capabilities to bolster cybersecurity defenses across industries. While Anthropic confirmed the initiative’s defensive intent, it also stressed it will refrain from broadly releasing Mythos publicly due to its highly advanced nature.
In a public statement, Anthropic warned: "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."
Project Glasswing is described by Anthropic as an “urgent attempt to put these capabilities to work for defensive purposes,” underlining the critical balance between innovation and security in the AI space.
A spokesperson for the Treasury Department told CBS News that the agency is actively encouraging financial institutions to prepare for emerging cyber threats fueled by advancements in AI. The spokesperson said, “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 government and industry to execute the first phases of a plan to ensure the United States and Americans are protected.”
Looking ahead, the Treasury intends to hold additional coordination meetings with regulators and key institutions to address AI developments and other associated challenges on an ongoing basis.
When approached for comment, a Federal Reserve representative declined to provide further details about the meeting.
Concerns over AI’s impact on financial stability are not new. In 2023, the Biden administration officially identified artificial intelligence as a potential risk to the financial system for the first time, emphasizing the need for vigilance as AI technologies evolve.
As the financial world grapples with the dual promise and peril of cutting-edge AI models like Mythos, regulators and industry leaders are stepping up efforts to safeguard against vulnerabilities that could disrupt markets, threaten public safety, or compromise national security.
Reporting by Aimee Picchi and Richard Escobedo, CBS News. Edited by Alain Sherter.