Powell, Bessent warn CEOs on AI cyber risks

Federal Reserve Chair Jerome Powell and Scott Bessent, a former hedge fund manager, have reportedly alerted top Wall Street executives to significant cybersecurity threats posed by advanced AI models. The focus is on Anthropic's new AI model, Mythos, which is believed to possess capabilities that could create new vulnerabilities for financial institutions. This high-level warning underscores the growing concern among regulators and industry leaders about the potential misuse and security implications of rapidly advancing artificial intelligence.