Treasury, Fed meet CEOs on AI risk

Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held an urgent meeting with Wall Street CEOs to discuss cyber and financial risks from Anthropic’s latest AI model, flagging AI as a potential stability concern for the financial system. The gathering underscores how regulators and banks are treating advanced AI outputs as operational and market risks that merit direct oversight and CEO-level attention. (x.com status 2042400814082195745)