Fed Chair Jerome Powell, Treasury’s Scott Bessent, and Top Bank CEOs Convene to Address Cybersecurity Concerns Over Anthropic’s Mythos AI Model
April 10, 2026 — In a high-level, closed-door meeting held on Tuesday at the Treasury Department’s headquarters in Washington, D.C., Federal Reserve Chair Jerome Powell, Treasury Secretary Scott Bessent, and leading banking executives gathered to discuss the cybersecurity risks posed by Anthropic’s latest artificial intelligence (AI) model, Mythos. This development was first reported by Bloomberg News and has since been confirmed by CBS News sources.
Meeting Focuses on AI and Financial Sector Security
The convening brought together top financial leaders amid growing concerns about the advanced capabilities of Mythos, a generative AI chatbot developed by Anthropic, which has shown an unprecedented ability to detect vulnerabilities across major operating systems and web browsers. Although JPMorgan Chase CEO Jamie Dimon was invited, he was unable to attend the session.
Anthropic, known for its earlier chatbot Claude, revealed on Tuesday its formation of Project Glasswing, a collaborative cybersecurity initiative involving tech giants such as Amazon, Apple, and Nvidia. The project aims to leverage Mythos to bolster defenses against cyber threats, particularly those that could impact critical infrastructure and financial institutions.
Anthropic Limits Mythos Release Over Security Fears
Due to Mythos’ powerful vulnerability detection capabilities, Anthropic announced it will not make the model widely available, citing the potential for misuse. The company emphasized that as AI technology rapidly advances, the risk of proliferation—especially among actors not committed to safe deployment—increases considerably.
“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 recent post. The company warned of severe consequences for economies, public safety, and national security should these tools fall into the wrong hands.
Government Response and Ongoing Coordination
A spokesperson for the Treasury Department highlighted the government’s proactive stance on emerging AI-related threats. The official noted that President Joe Biden’s administration is engaging thoughtfully on AI security issues through a core interagency taskforce, including the Treasury, aimed at protecting the United States and its financial systems.
“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 representative said in a statement provided to CBS News.
The department also announced plans for additional coordination meetings involving various regulators and institutions to address AI developments alongside a broad range of other critical challenges.
The Federal Reserve declined to comment on the meeting or its discussions.
Context of AI and Financial Stability
This latest engagement around AI risk comes after the Biden administration’s landmark move in 2023 to formally recognize artificial intelligence as a potential threat to financial stability—a notable first in government policy. That earlier announcement underscored the increasing intersection between technological innovation and economic security.
Anthropic’s Mythos AI model highlights the dual-use dilemma of cutting-edge technologies: while they offer substantial potential benefits in strengthening cybersecurity, their misuse could cause significant disruption across sectors.
For continuing coverage on AI advancements and financial sector security, stay tuned to CBS News.
Reported by Aimee Picchi and Richard Escobedo, CBS News