US Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell recently called an urgent meeting with top Wall Street leaders. This was sparked by growing fears that a new artificial intelligence model from Anthropic could usher in a new era of cyber risks. The meeting took place last Tuesday at the Treasury Department in Washington. Its main goal was to ensure that banks are fully aware of the potential dangers linked to the "Mythos" model and similar AI systems, and that they are taking the necessary steps to strengthen their system protections. This hastily arranged and unannounced meeting highlights the increasing concern among regulators about the potential emergence of a new generation of cyberattacks, which could directly threaten the financial sector. The Mythos model is considered one of the most advanced systems. Anthropic indicates that it can detect vulnerabilities in major operating systems and browsers, and even exploit them when directed. This capability raises significant concerns about its potential use by hackers. These worries underscore Anthropic's cautious approach. They initially limited access to the model to a select group of major technology and finance companies, including Amazon, Apple, and JPMorgan. This was part of their "Glass Wing" project, which aims to secure critical systems before the widespread adoption of these models. The company also confirmed that it had been in communication with US officials before launching the model to discuss its offensive and defensive capabilities in the cybersecurity domain.
Tags
Related editorial

Fixed Investment Group Launches 'Fixed Hosting' to Power Digital Growth in Egypt and Beyond
Fixed Investment Group is launching its new platform, 'Fixed Hosting,' to expand its tech services portfolio. This exciting move builds on the company's long history, which began in 2007 with Fixed Solutions, and aims to strengthen its presence in the digital infrastructure market across Egypt and the wider region.

Uber Restructures with AI, Cuts 10% of Customer Service Roles
Uber is making big changes to its customer service team, cutting about 10% of jobs. This move is part of a larger plan to streamline operations and use more artificial intelligence to make things run smoother and more efficiently across the company.

Amazon's Big AI Move: Streamlining Teams to Power Up Key Investments
Hey there! Amazon is making some strategic changes in its general AI division. They're trimming down some roles as part of a bigger plan to make things more efficient and really focus their investments on the AI projects that will make the biggest splash.

Egypt's Industry Minister Invites US Firms to Expand, Touts AI for Future Growth
Egypt is talking with the US about growing industrial cooperation and bringing in new American investments. They're really focusing on artificial intelligence, sharing technology, and boosting exports to $100 billion by 2030.

