Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent Convene with Top Bank CEOs to Address Cybersecurity Risks from Anthropic’s Advanced AI Model
April 10, 2026 — CBS News
Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent held a confidential meeting on Tuesday with leading bank executives to discuss emerging cybersecurity threats linked to Anthropic’s newly developed artificial intelligence model, Mythos, sources confirmed to CBS News.
The high-level gathering took place at the Treasury Department’s headquarters in Washington, D.C., underscoring the growing concern within financial and governmental sectors about the potential risks posed by cutting-edge AI technologies. While JPMorgan Chase Chief Executive Jamie Dimon was invited, sources reveal he was unable to attend.
Addressing the Rising Concerns Over Mythos
Anthropic, the artificial intelligence research company behind the generative AI chatbot Claude, recently announced the launch of Mythos, a powerful AI model exhibiting unprecedented capabilities in uncovering vulnerabilities in major operating systems and web browsers.
Anthropic disclosed plans to collaborate with industry giants including Amazon, Apple, and Nvidia on a joint initiative named Project Glasswing. This project aims to leverage Mythos to enhance cybersecurity defenses across multiple platforms. Experts emphasize that Mythos’s advanced capabilities—while promising for defense—also raise alarms, as such technology could soon proliferate beyond responsible entities.
“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 public post. “The fallout—for economies, public safety, and national security—could be severe.”
Recognizing these risks, Anthropic has opted not to release Mythos widely to mitigate potential misuse.
Government Coordination on AI Security
A Treasury Department spokesman reiterated the administration’s commitment to preparing financial institutions for evolving cybersecurity challenges tied to AI advancements.
“President Trump and the administration are continuing to engage on AI security in a thoughtful manner,” the spokesman said in a statement to CBS News. “The White House has been leading an ongoing core interagency task force, 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, Treasury officials plan to hold further coordination meetings involving regulators and financial institutions to address the implications of AI developments like Mythos, alongside other regulatory matters.
A spokesperson for the Federal Reserve declined to comment on the specifics of the meeting.
Background: AI as a Financial Stability Concern
This meeting follows the Biden Administration’s 2023 designation of artificial intelligence as a potential risk to financial stability, a landmark recognition highlighting AI’s evolving role as a systemic concern within the financial sector.
As AI technologies grow in complexity and capability, financial regulators and institutions are increasingly prioritizing frameworks to safeguard the economy and national security.
What Lies Ahead
Project Glasswing represents an urgent effort to harness AI’s potential defensively while limiting exposure to malicious exploitation. The collaboration between Anthropic and major technology firms signals a proactive approach to cybersecurity amid rapid technological advancements.
The Treasury’s engagement with financial leaders, including this closed-door session with Powell, Bessent, and top bank executives, reflects a broadening awareness across government and industry about the profound implications of AI innovations like Mythos.
This report was contributed to by Richard Escobedo.
Related Coverage:
- How to Talk to Your Kids About AI, According to a New Guide from Pittsburgh
- Stockton Police Deploy AI-Powered Body Cameras That Translate Over 50 Languages
- Peggy Flanagan Criticizes Advertisement Using AI Deepfake Technology
For the latest updates, visit CBS News MoneyWatch and follow our continuous coverage of AI and cybersecurity.
© 2026 CBS Interactive Inc. All Rights Reserved.