Fed Chair Jerome Powell, Treasury’s Scott Bessent Meet with Top Bank CEOs to Address Cybersecurity Risks of Anthropic’s Mythos AI Model
April 10, 2026 | CBS News
In a high-level, closed-door meeting on Tuesday, Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent convened with leading banking executives to discuss the emerging cybersecurity risks associated with Anthropic’s latest artificial intelligence model, Mythos, sources told CBS News.
The gathering was held at the Treasury Department’s headquarters in Washington, D.C., and focused on the potential threats posed by Mythos and similar advanced AI technologies to the financial sector. Jamie Dimon, the CEO of JPMorgan Chase, was invited but was unable to attend, according to informed sources.
Background on Mythos and AI Security Concerns
Anthropic, a prominent AI developer known for its generative chatbot Claude, announced on Tuesday the formation of a new initiative called Project Glasswing. This collaborative effort includes major technology companies such as Amazon, Apple, and Nvidia. The project aims to harness Mythos’ sophisticated capabilities to bolster cybersecurity defenses.
Despite its potential benefits, Anthropic has decided against releasing Mythos widely due to its advanced functionalities, which have already uncovered critical vulnerabilities in major operating systems and web browsers. In a public statement, the company cautioned: “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.”
The company emphasized that Project Glasswing represents an urgent move to “put these capabilities to work for defensive purposes,” highlighting the pressing need to mitigate security risks linked with rapid advances in AI technology.
Government Response and Financial Sector Preparedness
A Treasury Department spokesperson told CBS News that the administration is actively encouraging financial institutions to prepare for new cybersecurity threats emerging from AI advancements.
“President Trump and the administration are continuing to engage on AI security in a thoughtful manner,” the spokesperson said. “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 official added that additional coordination meetings are planned with regulators and stakeholders to address the evolving challenges posed by AI, alongside other critical issues.
Meanwhile, a Federal Reserve representative declined to comment on the details of the meeting.
AI as a Financial Stability Risk
The discussion between Fed Chair Powell, Treasury Secretary Bessent, and banking leaders underscores increasing governmental attention on AI as a potential systemic risk. In 2023, the Biden Administration officially identified artificial intelligence as a financial stability concern for the first time, marking a notable shift in regulatory focus.
This event reflects a broader effort by U.S. policymakers and industry figures to confront the security implications of AI innovations before potential threats materialize.
Reporters Aimee Picchi and Richard Escobedo contributed to this story.
Edited by Alain Sherter
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