Mythos’ AI fear is real – enough for US regulators to call an urgent meeting and assess what Anthropic’s advanced artificial intelligence model could mean for banks.
The meeting took place Tuesday, with Treasury Secretary Scott Bessent and Fed Chairman Jerome Powell speaking with CEOs of Wall Street banks to discuss possible cybersecurity risks related to Mythos, people familiar with the matter told Bloomberg.
Participants included chief executives from Citigroup Inc., Morgan Stanley, Bank of America Corp., Wells Fargo & Co. and Goldman Sachs Group Inc.. All of these are considered systemically important, meaning any disruption to their operations could have global repercussions.
Mythos, an advanced artificial intelligence model developed by Anthropic, is designed to identify and exploit vulnerabilities in software systems when prompted. Unlike traditional consumer-facing AI tools, Mythos is geared toward software engineering and cybersecurity tasks. His specialty is identifying critical software vulnerabilities and bugs, but he can also assemble sophisticated exploits.
This episode highlights a fundamental shift in how regulators view AI risk, not only as a technological challenge, but also as a potential catalyst for systemic events.
This has already raised red flags in the crypto space, where experts fear that Mythos’ ability to discover and exploit zero-day vulnerabilities in real-time and at low cost could pose a risk to DeFi infrastructure.
Anthropic therefore took a cautious approach, offering the product only to a small group of large technology and financial companies under “Project Glasswing”.
Anthropic previously revealed that it consulted with U.S. officials ahead of Mythos’ release regarding its defensive and offensive cyber capabilities. The company is also separately engaged in a legal dispute with the Pentagon, which has designated it a supply chain risk — a classification Anthropic is challenging in court.
