Fed Chair Jerome Powell, Treasury’s Bessent Meet with Top Bank CEOs to Discuss Cybersecurity Risks of Anthropic’s AI Model Mythos
April 10, 2026 — Washington, D.C. — Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent convened a closed-door meeting on Tuesday with leading bank executives to deliberate on the cybersecurity risks associated with Anthropic’s latest artificial intelligence (AI) model, named Mythos, according to sources familiar with the discussions.
The meeting took place at the Treasury Department’s headquarters in Washington, D.C., signaling heightened government attention toward emerging AI threats in the financial sector. Notably, Jamie Dimon, CEO of JPMorgan Chase, was invited but did not attend.
Anthropic’s Mythos Model and Cybersecurity Concerns
Anthropic, the creator of the generative AI chatbot Claude, announced on Tuesday that it is collaborating with several major technology companies—including Amazon, Apple, and Nvidia—on a new initiative called Project Glasswing. This project aims to deploy Mythos to bolster cybersecurity defenses across various industries.
The company indicated it will not be publicly releasing Mythos widely due to the model’s highly advanced capabilities. Mythos has, according to Anthropic, identified vulnerabilities in significant operating systems and web browsers, underscoring its potential to disrupt digital infrastructure if misused.
“In light of the rapid advancement of AI, it will soon be possible for such powerful capabilities to spread beyond actors committed to safe deployment,” Anthropic warned in a public post. “The consequences—for economies, public safety, and national security—could be severe.”
Project Glasswing represents an urgent effort to harness Mythos’s capabilities for defensive cybersecurity applications to mitigate these risks.
Government Response and Financial Sector Preparedness
A Treasury Department spokesperson emphasized the administration’s ongoing efforts to prepare financial institutions for emerging security threats related to AI. “The White House has been leading a comprehensive interagency task force—including the Treasury—that is proactively engaging government and industry partners to implement initial phases of a plan to safeguard the United States and its citizens,” the spokesperson said in a statement to CBS News.
The spokesperson also noted that Treasury plans to hold further coordinated meetings with regulators and financial institutions to address AI developments along with other pressing issues.
The Federal Reserve declined to comment publicly on the meeting.
AI as a Financial Stability Concern
This meeting underscores growing governmental concern about AI’s impact on financial stability. In 2023, the Biden administration formally recognized AI as a potential risk factor to financial markets for the first time, as CBS News previously reported.
Experts view this latest initiative as part of a broader effort to balance AI innovation with protective measures against security threats that could affect the economy and public welfare.
Reporters Aimee Picchi and Richard Escobedo contributed to this article.
For more coverage on AI and financial security, visit CBS News MoneyWatch.