Major Wall Street banks have begun internal testing of the Mythos model developed by Anthropic PBC. This initiative follows encouragement from former Trump administration officials for financial institutions to utilize the model for detecting system vulnerabilities.
According to informed sources, while JPMorgan Chase was the only bank specifically named to participate in testing the Mythos model, other large financial institutions have already obtained or are expected to gain access to the model within the coming days.
These sources indicated that Goldman Sachs Group, Citigroup, Bank of America, and Morgan Stanley are all conducting internal tests of this technology. The institutions have either declined to comment or have not yet responded to inquiries.
Sources revealed that during a meeting of Wall Street executives convened by Treasury Secretary Scott Bessent and Federal Reserve Chairman Jerome Powell, attendees were advised to take the Mythos model seriously and leverage its capabilities to identify weaknesses in their systems.
They stated that government officials did not present specific threats targeting financial institutions, but rather encouraged banks to apply the model to their own systems to strengthen their defensive capabilities.
Previous reports indicated that Bessent and Powell held an impromptu meeting with a group of bank executives on April 7th at the Treasury Department headquarters in Washington. The purpose was to ensure banks understood the potential risks associated with Anthropic's Mythos and similar models. These executives were already in Washington attending a meeting of the Financial Services Forum, a lobbying organization comprised of large banks.
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