US Treasury, Fed Urge Banks to Use Anthropic's AI for Vulnerability Detection
Executives from major banks met with Treasury Secretary Scott Bessent and Fed Chair Jerome Powell to discuss leveraging Anthropic's new Mythos model.
Quick Look
US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell encouraged top bank executives to use Anthropic's new AI model, Mythos, to identify security vulnerabilities, with several major banks reportedly testing the technology.
AI-generated summary
Why It Matters
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell met with executives from major banks to discuss the use of Anthropic's new AI model, Mythos, for detecting security vulnerabilities. Several banks are reportedly testing the model, despite Anthropic limiting access.
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned bank executives for a meeting this week where they encouraged the executives to use Anthropic’s new Mythos model to detect vulnerabilities, according to Bloomberg.
Indeed, while JPMorgan Chase was the only bank listed as one of the initial partner organizations with access to the model, Goldman Sachs, Citigroup, Bank of America, and Morgan Stanley are reportedly testing Mythos as well.
Anthropic announced the model this week but said it would be limiting access for now, in part because Mythos — despite not being trained specifically for cybersecurity — is too good at finding security vulnerabilities. (Others suggested this was hype or simply a smart enterprise sales strategy.)
The report is particularly surprising since Anthropic is currently battling the Trump administration in court over the Department of Defense’s designation of Anthropic as a supply-chain risk; that designation came after negotiations fell apart over the company’s efforts to limit how its AI models can be used by the government.
What to Watch
AI outlook — possibilities, not facts
Anthropic will likely expand access to Mythos to more financial institutions or other critical sectors in the coming months.
Likely · Within months
The legal dispute between Anthropic and the Trump administration over supply-chain risk will likely continue, potentially influencing future government contracts with AI companies.
Likely · Within months
Other major technology companies will accelerate development of AI models specifically for cybersecurity applications in response to this trend.
Possible · Within months
Open Questions
- What specific vulnerabilities did Mythos identify during testing?
- What are the government's specific concerns regarding Anthropic's AI models and supply-chain risk?
- What are the terms of Anthropic's current limited access policy for Mythos?
- What is the proposed timeline for wider access to the Mythos model?
