Wall Street Leaders Summoned Over Anthropic AI Model Risks

Treasury, Fed warn banks about potential cybersecurity threats from new AI technology

Apr. 10, 2026 at 10:54am

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A sleek, metallic computer server component floating on a clean, monochromatic background, dramatically lit to create sharp shadows and a sense of abstract corporate risk.A high-tech hardware component symbolizes the growing cybersecurity threats facing the financial industry as advanced AI models become more powerful.Los Angeles Today

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell have called an urgent meeting with Wall Street CEOs to discuss concerns over the latest artificial intelligence model released by Anthropic PBC. The regulators want to ensure banks are aware of the potential risks and are taking precautions to defend their systems against the advanced AI capabilities, which can reportedly find software vulnerabilities better than skilled humans.

Why it matters

The meeting highlights growing worries in the financial industry about the disruptive potential of powerful AI models like Anthropic's Mythos. Banks are seen as prime targets for cyberattacks, and regulators want to get ahead of any systemic risks posed by these new AI technologies. The broader tech sector has also been hit hard by fears of AI disruption, with cybersecurity firms among the biggest losers.

The details

According to reports, Bessent and Powell summoned the CEOs of major banks including Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs to Treasury headquarters earlier this week. JPMorgan Chase CEO Jamie Dimon was invited but could not attend. The regulators wanted to ensure the banks are aware of the risks from Anthropic's new Mythos model and are taking steps to secure their systems. Anthropic released Mythos to a select group of partners, including tech giants like Amazon, Apple, and Microsoft, to give them a 'head start on being able to secure vulnerabilities'.

  • Earlier this week, Treasury Secretary Bessent and Fed Chair Powell called the urgent meeting with Wall Street bank CEOs.

The players

Scott Bessent

The current U.S. Treasury Secretary, who called the meeting with bank CEOs to discuss the risks posed by Anthropic's new AI model.

Jerome Powell

The current Chair of the Federal Reserve, who joined Treasury Secretary Bessent in summoning Wall Street leaders to the meeting.

Anthropic PBC

An artificial intelligence company that recently released a powerful new AI model called Mythos, which regulators believe could pose cybersecurity risks to banks and the broader financial system.

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What they’re saying

“We must make sure banks are aware of possible risks raised by Anthropic's Mythos and potential similar models and are taking precautions to defend their systems.”

— Scott Bessent, U.S. Treasury Secretary

What’s next

The regulators will continue to monitor the situation and work with banks to ensure they are prepared to defend against any cybersecurity threats posed by advanced AI models like Anthropic's Mythos.

The takeaway

The meeting between regulators and Wall Street leaders underscores the growing concerns about the disruptive potential of powerful AI technologies, particularly in the sensitive financial sector. As these models become more sophisticated, there are fears they could be exploited by bad actors, leading to calls for increased vigilance and preparedness.