German central bank chief urges wide access to Anthropic's Mythos AI model

'Claude Mythos AI model seems to be a double-edged sword,' Joachim Nagel said

German central bank chief Joachim Nagel has urged all institutions to have access to Anthropic's artificial intelligence Claude Mythos AI, aiming to keep the playing field even and reduce the chances of being misused.

The Bundeskbank also issued a warning regarding the unprecedented cyber attacks posed by Mythos AI, capable of identifying critical vulnerabilities in various operational systems and web browsers. Therefore, all the institutions must coordinate to prevent the misuse of powerful AI model to date.

"Mythos is an AI model that appears capable of quickly identifying and exploiting security vulnerabilities in financial institutions' software," Nagel said.

"This AI model seems to be a double-edged sword, since it could be used not only to improve digital security systems, but also to leverage their vulnerabilities for malicious purposes. All relevant institutions should have access to such technology to avoid competitive distortions," Nagel said in an event.

According to Nagel, AI algorithms can also drive inflation by learning to charge excessive prices, without communicating with one another.

Other financial institutions, such as the IMF and chiefs of prestigious banking systems are also worried about the growing threats in the wake of Mythos AI. Goldman Sachs CEO David Solomon also revealed he is "hyper aware" of the risk stemming from Mythos AI.

"Obviously the LLMs are making rapid progress and we're hyper-aware of the enhanced capabilities of these new models with the help of the US government and the model publishers," Solomon said.

Even the Anthropic CEO warned the world of potential risks of Claude Mythos marked by sophisticated cyberattack specifically in the banking sector. And if misused, Mythos can become a serious threat to economies, public safety and national security.

Anthropic released the powerful AI model to selected tech giants and organizations under the project glasswing.