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US summons bank bosses over cyber risks from Anthropic’s latest AI model
Fed chair Jerome Powell reportedly attends meeting in Washington following release of Claude Mythos The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s latest AI model, according to reports. Jerome Powell, chair of the Rederal Reserve, was…
Bank of England warns of growing risk that AI bubble could burst
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updates The Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about soaring valuations of leading AI tech companies. Policymakers said there were also threats of a…