The Federal Reserve's top banking supervisor has stated that regulators must consider the best approaches to oversee new technologies such as Anthropic PBC's Mythos. "On one hand, this capability allows companies to address vulnerabilities they have identified themselves, thereby strengthening cybersecurity," said Michelle Bowman, the Fed's Vice Chair for Supervision, in prepared remarks on Friday. "On the other hand, if used maliciously, it could be employed to identify and exploit weaknesses." Anthropic has restricted the release of its latest artificial intelligence model while evaluating defenses against this powerful new technology. The model has also prompted officials from the Trump administration to begin considering the possibility of cyberattacks that could threaten financial stability. Last month, it was reported that U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell recently met with Wall Street banks to discuss the potential risks posed by Mythos and to ensure that banks are taking preventive measures to protect their systems. Bowman said on Friday that such meetings are "extremely beneficial" in helping to ensure the banking system is protected. "Anthropic's Mythos, an AI model capable of identifying cybersecurity vulnerabilities, highlights the dynamic nature of this technology and how rapidly its capabilities can evolve," Bowman stated. Bowman emphasized that regulators must coordinate within the government and engage with banks on emerging technologies, while also supporting the rapid evolution of AI tools. She added that regulators are preparing a report on guidelines for the adoption and use of artificial intelligence.