Treasury Secretary Scott Bessent and Fed Chair Jerome Powell met with Wall Street bank CEOs to discuss cybersecurity risks linked to advanced AI. The urgent meeting assessed potential threats from AI models like Mythos, which can rapidly identify software vulnerabilities and create sophisticated exploits.
Participants included leaders from systemically important institutions such as Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs. The AI's capability to discover and exploit vulnerabilities at a low cost has raised concerns about systemic risks, mirroring worries already present in the crypto space regarding DeFi infrastructure.
Anthropic, the developer of Mythos, has taken a cautious approach, releasing the model under a restricted program. The company has previously consulted with U.S. officials on its cyber capabilities.