Fed Chair Jerome Powell, Treasury's Bessent and top bank CEOs met over Anthropic's Mythos model

Cbsnews
Fed Chair Jerome Powell and Treasury Secretary Scott Bessent met with bank CEOs to discuss cybersecurity risks linked to Anthropic's new Mythos AI model.

Summary

Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent convened a closed-door meeting with major bank CEOs to address cybersecurity concerns surrounding Mythos, an advanced AI model developed by Anthropic. Due to its capability to expose critical vulnerabilities in operating systems and browsers, Anthropic has decided against a public release and is instead launching "Project Glasswing" with companies like Amazon, Apple, and Nvidia to leverage the model for defensive cybersecurity purposes.

The meeting reflects growing government concern regarding the intersection of artificial intelligence and financial stability. The Treasury Department emphasized that the administration is actively coordinating with regulators and industry leaders to mitigate national security risks posed by rapid AI development. This initiative follows the 2023 designation of AI as a potential threat to financial stability by the U.S. government.

(Source:Cbsnews)