Bessent and Powell warned bank CEOs about Anthropic model risks: Report
Anthropic limited Mythos access to about 40 companies as officials pressed lenders to prepare for possible cyber vulnerabilities.
- Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned major bank CEOs to the Treasury Department on Tuesday to ensure they are aware of cybersecurity risks linked to Anthropic's Mythos model.
- Anthropic warned that the model can identify and exploit software vulnerabilities, finding thousands of high-severity flaws across "every major operating system and every major web browser."
- The CEOs of Citigroup, Morgan Stanley, Wells Fargo, and Goldman Sachs attended the meeting, though JPMorgan CEO Jamie Dimon was unable to join.
- Anthropic restricted Mythos access to about 40 technology companies including Microsoft and Google through "Project Glasswing," announced on Wednesday to prevent broad vulnerability exposure.
- The private credit industry expects these cybersecurity concerns may reduce scrutiny of their performance during quarterly conference calls when earnings season kicks off next week.
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It is so powerful that it has found thousands of security flaws in their systems, and pushed the government to convene an emergency meeting.
Top US banks warned about new Anthropic AI tool
The leaders of some of America’s largest banks were warned by a top US government official this week about a new artificial intelligence model from Anthropic that could lead to heightened risks of cyberattacks, according to three people briefed on the matter.
Powell And Bessent Summon Bank CEOs For An "Urgent" Meeting, What's Going On?
This article was written by Follow Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it …
Jerome Powell of the Fed, Scot Bessent of the Treasury and directors of banks meet to analyze the risks of the Mythos model, the new AI of Anthropic
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