Key insights
- Federal Reserve and Treasury officials met with major US bank CEOs to discuss cybersecurity risks posed by Anthropic's Mythos AI model. While the immediate impact is limited, the meeting highlights growing concerns about AI's potential for cyberattacks and the need for enhanced security measures within the financial sector. This could lead to increased investment in cybersecurity and potential regulatory scrutiny, posing a slight negative risk to bank profitability in the short term.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent met with major U.S. bank CEOs this week to discuss the possible cyber risks raised by Anthropic's Mythos model, CNBC confirmed Friday.
The bank heads were already in Washington, D.C., for a Financial Services Forum board meeting, but a special gathering was called to discuss Mythos, according to people familiar with the matter, who asked not to be named in order to share information about a confidential matter.
Bloomberg and the Financial Times were first to report the special meeting.
Earlier this week, Anthropic rolled out the new artificial intelligence model, Claude Mythos Preview, in a limited capacity due to concerns that hackers could exploit its capabilities.
Banking giant JPMorgan Chase was among the initial launch partners for the cybersecurity initiative, known as Project Glasswing. Other partners include Apple, Google, Microsoft and Nvidia.
An official Anthropic told CNBC that it's been in "ongoing discussions" with the U.S. government, including the Cybersecurity and Infrastructure Security Agency and the Center for AI Standards and Innovation, about Claude Mythos Preview's cyber capabilities.
Anthropic did not immediately respond to CNBC's request for comment.
This story is developing. Please refresh for updates.