News & Updates
The latest news and updates from companies in the WLTH portfolio.
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'
July 15 (Reuters) - JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns about the powerful model that have caused Washington to intervene. Dimon, speaking at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit, added that access to advanced AI capabilities must be controlled, saying "you're giving ballistic missiles to individuals with Mythos." U.S.-based Anthropic released Mythos in April to a select group that included JPMorgan. The model has attracted interest from banks because it is considered among the most advanced AI systems for identifying cybersecurity vulnerabilities, helping firms uncover and fix weaknesses more quickly. However, in June, the U.S. government ordered Anthropic to restrict access to its top AI models, Fable 5 and Mythos 5, to foreign nationals over national security concerns, forcing the company to cut off worldwide access. The government later removed restrictions on the models after Anthropic implemented new safeguards. Governments and tech companies are grappling with AI safety concerns, including the misuse of systems capable of identifying software vulnerabilities. Washington has stepped up oversight of new model releases amid fears that advanced AI could be exploited by military intelligence in China, Russia or other countries of concern. Anthropic could not be immediately reached for comment on Dimon's remarks outside regular business hours. (Reporting by Mihika Sharma in Bengaluru and Mrinmay Dey in Mexico; Editing by Rashmi Aich)
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'
July 15 (Reuters) - JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns about the powerful model that have caused Washington to intervene. Dimon, speaking at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit, added that access to advanced AI capabilities must be controlled, saying "you're giving ballistic missiles to individuals with Mythos." U.S.-based Anthropic released Mythos in April to a select group that included JPMorgan. The model has attracted interest from banks because it is considered among the most advanced AI systems for identifying cybersecurity vulnerabilities, helping firms uncover and fix weaknesses more quickly. However, in June, the U.S. government ordered Anthropic to restrict access to its top AI models, Fable 5 and Mythos 5, to foreign nationals over national security concerns, forcing the company to cut off worldwide access. The government later removed restrictions on the models after Anthropic implemented new safeguards. Governments and tech companies are grappling with AI safety concerns, including the misuse of systems capable of identifying software vulnerabilities. Washington has stepped up oversight of new model releases amid fears that advanced AI could be exploited by military intelligence in China, Russia or other countries of concern. Anthropic could not be immediately reached for comment on Dimon's remarks outside regular business hours. (Reporting by Mihika Sharma in Bengaluru and Mrinmay Dey in Mexico; Editing by Rashmi Aich)
JPMorgan CEO Dimon says Anthropic's Mythos AI risks are a 'real issue'
July 15 (Reuters) - JPMorgan Chase CEO Jamie Dimon said on Wednesday that risks posed by Anthropic's Mythos AI model are a "real issue" that the U.S. government is on top of, underscoring concerns about the powerful model that have caused Washington to intervene. Dimon, speaking at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit, added that access to advanced AI capabilities must be controlled, saying "you're giving ballistic missiles to individuals with Mythos." U.S.-based Anthropic released Mythos in April to a select group that included JPMorgan. The model has attracted interest from banks because it is considered among the most advanced AI systems for identifying cybersecurity vulnerabilities, helping firms uncover and fix weaknesses more quickly. However, in June, the U.S. government ordered Anthropic to restrict access to its top AI models, Fable 5 and Mythos 5, to foreign nationals over national security concerns, forcing the company to cut off worldwide access. The government later removed restrictions on the models after Anthropic implemented new safeguards. Governments and tech companies are grappling with AI safety concerns, including the misuse of systems capable of identifying software vulnerabilities. Washington has stepped up oversight of new model releases amid fears that advanced AI could be exploited by military intelligence in China, Russia or other countries of concern. Anthropic could not be immediately reached for comment on Dimon's remarks outside regular business hours. (Reporting by Mihika Sharma in Bengaluru and Mrinmay Dey in Mexico; Editing by Rashmi Aich)
Former Fed Chair Bernanke Joins Anthropic's AI Oversight Body
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthropic has hired former Federal Reserve Chairman Ben Bernanke to its long-term benefit trust (LTBT), an AI oversight body tasked with ensuring the company remains accountable to its broader public interest goals. In his role, Bernanke will provide guidance on the potential risks and societal impacts of AI, as well as how AI is changing the economy. He will also lead insight into Anthropic's economic research, in addition to other areas of the artificial intelligence company's work, Anthropic reported. "The potential of artificial intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build around it," Bernanke said. "Anthropic has created a unique governance structure to try to ensure that the long-run benefits of AI for humanity far outweigh the risks. I am honored to have this opportunity, and I will try to contribute in any way I can to this critical mission." Anthropic operates as a Public Benefit Corporation, a structure designed to pursue financial growth while also advancing broader societal interests. The LTBT was established to help preserve that balance over time by providing oversight and ensuring the company remains accountable in how it builds and deploys AI systems, "AI may have the most significant economic effects of any technology in modern history, and Anthropic has a dual responsibility to understand those effects and to act on them," said Daniela Amodei, Co-Founder and President of Anthropic. "Ben's career has run from studying how economies react to disruptive moments to helping steer the world's largest economy through one such time. His judgment will make us better at anticipating and responding to how advanced AI affects workforces and economies around the world." See Also: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time Bernanke led the Federal Reserve from 2006 to 2014. Before joining the Federal Reserve, he spent more than two decades as an academic economist and earned a Nobel Prize in Economic Sciences in 2022. On the LTBT, Bernanke will be joining the CEO of the Clinton Health Access Initiative, Neil Buddy Shah, the CEO of the Center for a New American Security, Richard Fontaine, and Mariano-Florentino Cuellar, who joined Stanford University's Center for Advanced Study in Behavioral Sciences this month.
How Trump's Anthropic whiplash has helped China
Welcome to AI Decoded, Fast Company's weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. Most Read from Fast Company Trump administration Okays Anthropic's powerful Mythos-class AI models After placing export restrictions on Anthropic's Claude Fable 5 and Mythos 5 models on June 12 -- effectively forcing their removal from the market -- the Trump Commerce Department has now reversed course. But in the end, the sudden regulatory pivot may play to China's advantage. Administration officials removed the controls Tuesday evening, after working with Anthropic for two weeks on a refined set of misuse protections. Anthropic promptly announced that it was turning Fable 5 back on for all customers, and turning on Mythos 5 for a select set of approved enterprise customers. The concern was that foreign actors might use Mythos or Fable to detect and exploit software vulnerabilities in U.S. government or enterprise systems, tasks for which Anthropic had said the models demonstrated surprising capacity. The Commerce Department also asked OpenAI to "stagger" the release of its latest frontier model, GPT-5.6. The government's intervention rattled investors and tech industry folks because the Trump administration, after pledging to stay away from AI regulation, effectively granted itself a "kill switch" over newly released frontier models. The government has a legitimate interest in the national security implications of frontier models, but the administration had no ready framework for evaluating the national security risk of new models, or a minimum set of guardrails that AI providers must build in to prevent misuse of the models. Anthropic says it hopes the work it did with the Commerce Department over the past two weeks will lay the groundwork for a set of standards that could apply to all U.S. frontier model providers. The Trump administration's sudden swerve into AI safety regulation may end up benefiting Chinese model makers. The administration's export restrictions on the Mythos models imposed a pause on the distribution of the U.S.'s best models at a time when Chinese AI labs are rapidly catching up with their U.S. counterparts -- and offering an ever-more compelling alternative to expensive models from Anthropic, OpenAI, and the like.