In a significant move highlighting growing concerns over advanced artificial intelligence, U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned top Wall Street leaders to an urgent meeting this week. Held on Tuesday at the Treasury Department’s headquarters in Washington, the closed-door session brought together CEOs from major banks, including Citigroup’s Jane Fraser, Morgan Stanley’s Ted Pick, Bank of America’s Brian Moynihan, Wells Fargo’s Charlie Scharf, and Goldman Sachs’ David Solomon. JPMorgan Chase CEO Jamie Dimon was notably absent. The gathering focused on the potential cybersecurity threats posed by Anthropic’s latest AI model, known as Claude Mythos (or Mythos Preview), which regulators fear could usher in a new era of sophisticated cyber risks to the financial system.

Anthropic, the AI company behind the Claude series, recently announced its new model but chose to limit public access due to its unprecedented capabilities in identifying and exploiting vulnerabilities in major operating systems and web browsers. Sources familiar with the meeting indicated that Bessent and Powell emphasized the need for banks to proactively strengthen their defenses against AI-augmented attacks that could emerge from models like Mythos and similar future systems. The discussion underscored worries that such technology might enable hackers to conduct more targeted and efficient cyber operations, potentially threatening critical financial infrastructure. Regulators stressed awareness and preparedness to mitigate these evolving risks before they materialize into widespread disruptions.

The hastily arranged meeting reflects broader regulatory vigilance amid rapid AI advancements, positioning it as a proactive step to safeguard the stability of the U.S. banking sector. While Anthropic has framed Mythos as a tool that could ultimately bolster cybersecurity through controlled collaboration with industry partners, officials at the Treasury and Fed appear focused on the dual-use nature of the technology and its potential for misuse. This event signals a heightened coordination between fiscal and monetary authorities in addressing emerging technological threats, ensuring that Wall Street remains resilient in an increasingly complex digital landscape.

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