Fed Chair Jerome Powell, Treasury’s Scott Bessent, and Top Bank CEOs Convene to Discuss Cybersecurity Risks from Anthropic’s New AI Model Mythos
April 10, 2026 – Washington, D.C. — Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent held a private meeting on Tuesday with leading bank executives to address the cybersecurity challenges posed by Anthropic’s latest artificial intelligence model, Mythos. The discussion took place at the Treasury Department’s headquarters in Washington and focused on the potential risks that this advanced AI technology could introduce to the financial sector, sources familiar with the meeting told CBS News.
Although Jamie Dimon, CEO of JPMorgan Chase, was invited, he was reportedly unable to attend. The meeting was first reported by Bloomberg News and highlights growing concerns within government and industry about the implications of cutting-edge AI systems on national security and economic stability.
Anthropic’s Mythos Model and Project Glasswing
Anthropic, the AI research firm known for its generative chatbot Claude, announced on Tuesday the launch of Project Glasswing—a collaborative effort with major technology companies including Amazon, Apple, and Nvidia. This initiative aims to harness the capabilities of Mythos to bolster cybersecurity defenses.
Due to its sophisticated nature, Anthropic has chosen not to release Mythos widely. The model has revealed vulnerabilities in significant operating systems and popular web browsers, underscoring its advanced ability to probe and identify security weaknesses. In a public post about the project, Anthropic expressed concerns that as AI technology evolves, such powerful models could be exploited by bad actors who may not follow safe deployment practices. “The fallout—for economies, public safety, and national security—could be severe,” the company cautioned.
Project Glasswing represents an urgent attempt to apply these AI capabilities in a defensive context, leveraging collaboration between major tech firms to stay ahead of potential cyber threats.
Government Response to Emerging AI Threats
A spokesperson for the Treasury Department emphasized an ongoing commitment to prepare financial institutions for emerging security risks linked to 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 government and industry to execute the first phases of a plan to ensure the United States and Americans are protected.”
Furthermore, the Treasury indicated plans for continued coordination meetings involving regulatory bodies and financial institutions to address the evolving landscape of cybersecurity threats, AI-related and beyond.
The Federal Reserve declined to comment on the meeting.
Broader Context: AI and Financial Stability
The Biden Administration first identified artificial intelligence as a potential threat to financial stability back in 2023. This acknowledgment marked a significant shift in how government agencies view AI, highlighting the technology’s growing importance—not only as an innovation driver but also as a source of systemic risk.
With AI systems like Mythos demonstrating an unprecedented ability to expose critical vulnerabilities, both government and industry leaders are intensifying efforts to create safeguards. This latest gathering of top financial and governmental figures underscores the urgency and complexity of addressing AI’s impact on cybersecurity and financial sector resilience.
Reporters: Aimee Picchi, Associate Managing Editor, CBS MoneyWatch; Richard Escobedo, Economic Policy Correspondent, CBS News. Edited by Alain Sherter.
For continuing coverage on AI developments and financial security, visit CBS News and follow updates on MoneyWatch.