Fed Chair Jerome Powell, Treasury’s Bessent, and Top Bank CEOs Convene Over Cybersecurity Concerns Tied to Anthropic’s Mythos AI Model
April 10, 2026 — Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Scott Bessent met with leading bank executives at a confidential gathering on Tuesday to address cybersecurity risks associated with Anthropic’s latest artificial intelligence model, Mythos. The meeting, held at the Treasury Department’s headquarters in Washington, D.C., underscores growing concerns about the implications of advanced AI technology on financial systems’ security.
Meeting Details and Participants
Sources close to the event told CBS News that although JPMorgan Chase CEO Jamie Dimon was invited, he was unable to attend. The high-level discussion brought together top banking industry leaders alongside Powell and Bessent to deliberate potential vulnerabilities introduced by Mythos and similar AI systems.
Bloomberg News initially reported the meeting, highlighting the Treasury and Federal Reserve’s increasing focus on safeguarding the financial sector amidst rapidly evolving AI capabilities.
About Anthropic’s Mythos Model
Anthropic, the AI research company behind the generative chatbot Claude, introduced Mythos as an advanced AI model with demonstrated ability to identify security flaws across major operating systems and web browsers. Given these capabilities, Anthropic has opted not to release Mythos broadly to the public.
In a statement, Anthropic expressed concerns that such powerful AI models could soon proliferate beyond the hands of responsible developers, potentially leading to significant risks for economies, public safety, and national security. The company has initiated a collaborative effort, named Project Glasswing, involving major technology players such as Amazon, Apple, and Nvidia to leverage Mythos for enhancing cybersecurity defenses.
"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 said. "The fallout—for economies, public safety, and national security—could be severe." The company described Project Glasswing as an urgent move to harness these capabilities for defense.
Government Response and Coordination
A Treasury Department spokesperson emphasized the administration’s proactive approach to emerging AI security challenges. “President Trump and the administration are continuing to engage on AI security in a thoughtful manner,” the spokesperson conveyed to CBS News. The White House is reportedly leading an interagency task force involving Treasury officials that is actively engaging government bodies and industry stakeholders to execute initial phases of a national plan focused on protecting the United States and its citizens.
The Treasury official also indicated that further coordination meetings involving a range of regulators and financial institutions are planned to address ongoing developments in AI as well as other related issues.
The Federal Reserve declined to comment on the specifics of the meeting or Anthropic’s Mythos model.
AI as a Financial Stability Risk
The meeting reflects heightened scrutiny by U.S. financial regulators concerning artificial intelligence. In 2023, the Biden Administration designated AI as a potential risk to financial stability—marking the first instance of AI being formally classified as such by the government, according to previous CBS News reporting.
As AI technology continues to advance rapidly, government agencies, financial regulators, and private sector leaders alike are working to navigate the risks and opportunities presented by these powerful tools, especially within critical infrastructures such as the financial system.
About the Reporters:
Aimee Picchi is Associate Managing Editor for CBS MoneyWatch specializing in business and personal finance. Richard Escobedo covers economic policy for CBS News and is also a coordinating producer for Face the Nation.
For further coverage on AI and cybersecurity developments, follow CBS News’ continuing reports.