Fed Chair Jerome Powell, Treasury’s Scott Bessent, and Top Bank CEOs Convene to Discuss Cybersecurity Risks Posed by Anthropic’s Mythos AI Model
April 10, 2026 — Washington, D.C.
Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent held a high-profile closed-door meeting with leading bank CEOs on Tuesday to address emerging cybersecurity risks linked to Anthropic’s latest artificial intelligence model, Mythos, according to sources familiar with the discussions.
The meeting took place at the Treasury Department’s headquarters in Washington, D.C., with the primary aim of evaluating the potential threats Mythos and similar advanced AI technologies might pose to financial institutions and national security infrastructure. Notably, JPMorgan Chase chief executive Jamie Dimon was also invited but was unable to attend.
Anthropic’s Mythos and Growing Cybersecurity Concerns
Anthropic, a prominent AI developer known for its generative chatbot Claude, recently announced the launch of Mythos, a more advanced AI model with heightened capabilities. The company revealed it would limit the widespread release of Mythos due to its capacity to identify significant vulnerabilities in major operating systems and web browsers—raising alarms about the potential misuse of such technology.
Recognizing the risks, Anthropic also disclosed the formation of a collaborative initiative named Project Glasswing. The effort involves key technology companies including Amazon, Apple, and Nvidia, working together to harness Mythos’ capabilities to bolster cybersecurity defenses proactively.
“Given the rapid pace of AI advancement, it will not be long before these sophisticated capabilities spread beyond actors committed to safe deployment,” Anthropic stated. “The consequences—for economies, public safety, and national security—could be severe. Project Glasswing represents an urgent attempt to channel these capabilities toward defensive applications.”
Government and Industry Response
A Treasury Department spokesperson affirmed the administration’s proactive stance on addressing AI-related security threats. “The White House has been leading an ongoing core interagency taskforce, which includes the Treasury, engaging across government and industry sectors to implement the initial phases of a plan aimed at safeguarding the United States and its citizens,” the spokesperson said.
The statement also highlighted plans for ongoing coordination meetings across regulators and financial institutions to monitor and respond to AI developments and other emerging risks.
A Federal Reserve representative declined to comment on the meeting.
Background: AI as a Financial Stability Risk
This session builds on the Biden Administration’s 2023 identification of AI as a potential risk to financial stability—the first time the U.S. government formally designated such concern, as reported by CBS News at the time. Given AI’s expanding role in finance and cybersecurity, federal leaders and private sector executives appear increasingly focused on mitigating associated vulnerabilities.
About the Reporters:
Aimee Picchi, Associate Managing Editor at CBS MoneyWatch, and Richard Escobedo, CBS News economic policy correspondent, contributed to this report.
Related Reads:
- How Dangerous Is Anthropic’s New AI Model?
- Understanding AI’s Role in Financial Security
- Why Jerome Powell—Not Politicians—Determines Federal Reserve Leadership
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