Fed Chair Jerome Powell, Treasury Secretary Scott Bessent, and Top Bank CEOs Convene to Discuss Cybersecurity Risks of Anthropic’s Mythos AI Model
April 10, 2026 – Washington, D.C. — Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent met with leading bank executives in a closed-door session on Tuesday to address potential cybersecurity threats posed by Anthropic’s latest advanced artificial intelligence model, Mythos, according to sources familiar with the meeting who spoke to CBS News.
The high-level gathering at the Treasury Department’s Washington headquarters followed a Bloomberg News report revealing that Powell and Bessent had summoned the financial sector’s executives to discuss the emerging risks from Mythos and similar AI technologies. Notably, JPMorgan Chase CEO Jamie Dimon was invited but could not attend.
Anthropic, the maker of the generative AI chatbot Claude, announced on Tuesday that it is launching a collaborative initiative, dubbed Project Glasswing, involving prominent tech companies including Amazon, Apple, and Nvidia. The project aims to harness Mythos’ capabilities to bolster cybersecurity defenses across industries.
The company flagged the sensitive nature of Mythos’ power, choosing not to release the AI model widely due to its ability to discover vulnerabilities in key operating systems and web browsers. Anthropic cautioned about the rapid pace of AI development, warning that such sophisticated capabilities could soon be exploited by malicious actors outside the realm of responsible developers.
“As AI progress accelerates, it will not be long before these capabilities proliferate beyond actors committed to deploying them safely. The fallout—for economies, public safety, and national security—could be severe,” a company statement said. Project Glasswing represents an urgent effort to apply this technology defensively to protect against escalating cyber threats.
A spokesperson for the U.S. Treasury Department emphasized the government’s proactive approach to safeguarding financial institutions from new security challenges linked to AI. “President Trump and the administration are continuing to engage on AI security in a thoughtful manner,” the spokesperson told CBS News. “The White House leads an ongoing core interagency taskforce, including the Treasury, which is actively collaborating with government agencies and the private sector to execute initial phases of a plan to ensure the United States and Americans are protected.”
The Treasury official also noted that additional coordination meetings involving multiple regulators and industry stakeholders are planned to address the evolving AI landscape as well as other emerging risks.
A Federal Reserve spokesperson declined to comment on the meeting.
This dialogue follows developments from 2023 when the Biden Administration first identified artificial intelligence as a potential threat to financial stability, marking the inaugural designation of AI risks in the financial ecosystem.
As AI technologies such as Anthropic’s Mythos continue to advance, regulators and industry leaders remain focused on mitigating cybersecurity risks while exploring ways to leverage these innovations for defensive purposes.
Reporters: Aimee Picchi, Associate Managing Editor, MoneyWatch; Richard Escobedo, Economic Policy Correspondent, CBS News
Edited by: Alain Sherter
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