Treasury Secretary Scott Bessent and Fed Chair Jerome Powell reportedly convened Wall Street leaders on Tuesday in an emergency meeting about Anthropic’s latest AI model, flagging concerns over a greater cybersecurity risk.
The Federal Reserve declined to comment to Fortune. The Treasury didn’t immediately respond to Fortune’s request for comment.
Anthropic briefed senior U.S. government officials and industry stakeholders on Mythos Preview’s capabilities ahead of its release, someone with knowledge of the matter told Fortune. In a blog post, the company said it is willing to work with officials at all levels of government to ensure national security is a priority when rolling out new AI models, and that the U.S. maintains a lead in AI technologies.
Aside from its partners, the company has extended access to 40 additional organizations who build or deploy critical software infrastructure, and committed up to $100 million in Mythos Preview usage credits, the most basic AI usage unit. Anthropic noted the project was launched in response to the capabilities the company has observed in its new frontier model, Mythos, that it believes could “reshape cybersecurity.”
“Given the rate of AI progress, it will not be long before such capabilities proliferate, potentially beyond actors who are committed to deploying them safely,” the post warned. “The fallout—for economies, public safety, and national security—could be severe.”
As part of Project Glasswing, JPMorgan aims to reduce cyber risks stemming from AI’s fast-evolving capabilities. “Promoting the cybersecurity and resiliency of the financial system is central to JPMorgan Chase’s mission, and we believe the industry is strongest when leading institutions work together on shared challenges,” Pat Opet, JPMorgan chief information security officer, said in a statement.
“Project Glasswing provides a unique, early stage opportunity to evaluate next-generation AI tools for defensive cybersecurity across critical infrastructure both on our own terms and alongside respected technology leaders,” he added.
