Mythos AI threat prompts Bessent, Powell to convene bank CEOs for urgent talks
CoinDesk • • general
Key Points:
- U.S. regulators, including Treasury Secretary Scott Bessent and Fed Chair Jerome Powell, held an urgent meeting with CEOs of major Wall Street banks to discuss cybersecurity risks posed by Mythos, an advanced AI model developed by Anthropic.
- Mythos is designed to identify and exploit software vulnerabilities, raising concerns about potential systemic risks to the financial sector and beyond, given its ability to uncover critical bugs and assemble sophisticated exploits.
- The meeting involved top executives from systemically important banks such as Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs, highlighting the potential global impact of disruptions caused by AI-driven cyber threats.
- Regulators are increasingly viewing AI not just as a technological issue but as a source of systemic risk, with similar concerns already emerging in the cryptocurrency sector due to Mythos' ability to exploit zero-day vulnerabilities at low cost.
- Anthropic has limited Mythos' release to select large tech and financial firms under “Project Glasswing” and has engaged with U.S. officials on its cyber capabilities, while also contesting a Pentagon designation of the company as a supply-chain risk.
