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Bernotat, Powell Hold Emergency Meeting with Wall Street CEOs, Anthropic's New Model Triggers Financial Regulatory Alert
BlockBeats News, April 10th, according to Bloomberg, U.S. Treasury Secretary Yellen and Federal Reserve Chairman Powell urgently summoned the CEOs of major Wall Street banks to the Treasury Department headquarters in Washington this Tuesday for a special discussion on the significant cybersecurity risks posed by Anthropic's latest AI model, Mythos.
The CEOs in attendance include: Jane Fraser of Citigroup, Ted Pick of Morgan Stanley, Brian Moynihan of Bank of America, Charlie Scharf of Wells Fargo, and David Solomon of Goldman Sachs. Jamie Dimon of JPMorgan Chase was unable to attend due to unforeseen circumstances. All invited banks have been designated as systemically important financial institutions by top regulatory agencies.
Anthropic has stated that Mythos, upon user command, can identify and exploit security vulnerabilities in nearly all mainstream operating systems and web browsers. Regulators are concerned that once this model falls into the hands of hackers, it will usher in a new era of cyberattacks.
Anthropic currently has only opened Mythos to a few tech and financial institutions, including Amazon, Apple, and JPMorgan Chase, all of which are part of the "Project Glasswing" initiative aimed at proactively patching critical system vulnerabilities.
Meanwhile, Anthropic is embroiled in a legal battle with the Trump administration regarding the Pentagon's designation of the company as a "supply chain risk," with the federal appeals court rejecting a motion to stay the designation this week.
This emergency meeting is the latest signal from regulators that AI-driven cyberattacks are among the greatest risks facing the financial industry, and it directly reflects the regulatory chain reaction triggered by the release of Mythos.
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