Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent convened a closed-door meeting with top banking executives on Tuesday to address cybersecurity threats associated with Anthropic's latest artificial intelligence model, Mythos. The gathering, held at the Treasury Department in Washington, D.C., focused on the potential risks posed by advanced AI systems to the financial sector. Although JPMorgan Chase CEO Jamie Dimon was invited, sources indicate he was unable to attend. The event was first reported by Bloomberg News and highlighted growing regulatory concern over how rapidly evolving AI technologies could compromise national economic stability. Anthropic, the creator of the generative AI chatbot Claude, introduced Mythos on Tuesday with a warning about its capabilities. The company stated that the model's advanced features have already identified vulnerabilities in major operating systems and web browsers. Due to the model's power and the potential for misuse, Anthropic announced it will not release Mythos to the public. Instead, the company is forming a collaborative initiative called Project Glasswing, partnering with major technology firms including Amazon, Apple, and Nvidia. This project aims to leverage Mythos specifically for defensive purposes to strengthen cybersecurity defenses against emerging threats. In a statement regarding the initiative, Anthropic emphasized the urgency of the situation. The company noted that given the rapid pace of AI development, such powerful capabilities will proliferate quickly, potentially spreading beyond actors committed to safe deployment. The organization warned that the fallout from uncontrolled use could be severe for economies, public safety, and national security. Project Glasswing is described as an urgent attempt to utilize these capabilities for the benefit of defensive strategies before they become widespread. This regulatory action reflects a broader trend of government scrutiny on AI risks within the financial industry. In 2023, the Biden administration designated AI as a potential risk to financial stability, marking the first time such a classification had been officially made for the technology. The recent meeting underscores a shift from theoretical concern to active engagement, as top regulators and financial leaders work together to mitigate the dangers of powerful AI tools. The collaboration between government officials and the private sector highlights the critical need for a coordinated approach to AI safety, ensuring that defensive measures are developed in tandem with the technology itself. While Mythos remains restricted, the formation of Project Glasswing signals a significant step toward integrating advanced AI into national and financial security frameworks.