Federal Reserve Urges Major Banks to Adopt AI Model for Financial Risk Detection
By admin | Apr 12, 2026 | 1 min read
Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell called bank executives to a meeting this week, urging them to adopt Anthropic's new Mythos model for vulnerability detection, as reported by Bloomberg. Although JPMorgan Chase was the only bank named as an initial partner with access to the model, Goldman Sachs, Citigroup, Bank of America, and Morgan Stanley are also said to be testing Mythos.
Anthropic introduced the model this week but indicated that access would be restricted for the time being. This decision stems partly from Mythos's exceptional ability to uncover security vulnerabilities, even though it was not specifically trained for cybersecurity. Some observers have suggested this could be exaggerated promotion or a strategic move to attract enterprise clients.
The situation is notably unexpected given that Anthropic is currently engaged in a legal dispute with the Trump administration. The conflict arose after the Department of Defense labeled Anthropic a supply-chain risk, following failed negotiations over the company's attempts to restrict how its AI models are utilized by government agencies.
In related developments, the Financial Times notes that U.K. financial regulators are also examining the potential risks associated with the Mythos model.
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