US Treasury and Fed Summon Wall Street Leaders Over AI Cybersecurity Risks

US Treasury Secretary Scott Bessent and Fed Chair Jerome Powell convened an urgent meeting with Wall Street CEOs to address emerging cybersecurity threats. The discussions focused on the systemic risks posed by Anthropic's latest AI model, known as 'Mythos', which reportedly possesses the capability to identify and exploit critical vulnerabilities in major operating systems. This high-level intervention aims to ensure that major financial institutions are fully prepared for potential infrastructure risks raised by such powerful AI systems. Analysts suggest that these concerns could trigger heightened regulatory scrutiny and significantly increase security and compliance costs for both the financial and tech sectors. The move underscores the growing anxiety among policymakers regarding the intersection of advanced AI technology and global financial stability. Markets are now assessing the potential long-term impact on major tech stocks and the broader banking industry.