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U.S. officials reportedly warned major banks about a powerful new artificial intelligence system that could expose critical cybersecurity weaknesses, according to The New York Times. The alert was delivered during a closed-door meeting in Washington involving top regulators and banking executives, with concerns focused on emerging AI-driven threats.
The discussion included Federal Reserve Chair Jerome H. Powell. Officials focused on growing cybersecurity risks tied to advanced artificial intelligence systems, warning that new AI models could identify software vulnerabilities faster than traditional security methods.
Authorities said this speed could create opportunities for malicious actors, potentially increasing exposure risks for sensitive financial data.
The warnings centered on a new model from Anthropic called Claude Mythos Preview. Anthropic said the system can detect hidden software flaws beyond human capability.
Officials cautioned that such tools could become dangerous if accessed by hackers. They also emphasized that financial data could face heightened exposure if vulnerabilities are found and exploited.
Anthropic acknowledged the risks and said it limited access to the model. The company created a restricted initiative called “Project Glasswing”, involving around 40 organizations.
JPMorgan Chase & Co. (NYSE: JPM) joined the initiative to test the model. The bank said it would evaluate AI tools for defensive cybersecurity applications.
CEO Jamie Dimon did not attend the meeting due to prior commitments, but the bank remains involved in early-stage testing efforts.
Officials emphasized the urgency of addressing AI-related threats across financial systems. Kevin A. Hassett said, “We’re taking every step we can to make sure that everybody is safe from these potential risks, including Anthropic agreeing to hold back the public release of the model until our officials have figured everything out.”
The report also points to policy tensions involving the U.S. government and Anthropic. The Defense Department labeled the company a “supply chain risk”, following disagreements over restrictions on military use of AI technology.

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