Federal Reserve Vice Chairman Bauman: Regulatory agencies must consider how to respond to new technologies such as Mythos On May 2nd, the top banking regulatory official of the Federal Reserve stated that regulatory agencies must consider how to best regulate new technologies like Mythos from Anthropic PBC. On the one hand, this capability enables businesses to address vulnerabilities they identify on their own, thereby enhancing cybersecurity, "said Michelle Bauman, Vice Chairman for Regulatory Affairs at the Federal Reserve, in a written speech on Friday. On the other hand, if maliciously used, it may be used to identify and exploit weaknesses. Anthropic has restricted the release of its latest artificial intelligence model while evaluating protective measures against this powerful new technology. This model has also prompted Trump administration officials to consider the possibility of cyber attacks that pose a threat to financial stability. In April, US Treasury Secretary Scott Besant and Federal Reserve Chairman Jerome Powell recently met with Wall Street banks to discuss the potential risks posed by Mythos and ensure that banks take preventive measures to protect their systems. Bauman said on Friday that such meetings are "extremely beneficial" and help ensure that the banking system is protected. Anthropic's Mythos, an artificial intelligence model capable of identifying network vulnerabilities, highlights the dynamic nature of this technology and how rapidly its capabilities can evolve, "Bauman said. Bauman emphasized that regulatory agencies must coordinate within the government and discuss emerging technologies with banks, while supporting the rapid evolution of artificial intelligence tools. She also added that regulatory agencies are developing a report on the adoption and use norms of artificial intelligence.