Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened Wall Street CEOs to address cyber risks linked to Anthropic’s new AI model, Mythos, which is being stress-tested by major financial institutions through a partnership with CoreWeave, whose stock surged following a multi-year deal with Anthropic. Meanwhile, NASA prepares for the Artemis II splashdown after extensive safety tests, Apple closes its first unionized U.S. retail store amid labor tensions, and financial markets see active bond issuance as AI-driven demand boosts data center services.
Bloomberg Tech reported on an urgent meeting convened by Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, who summoned Wall Street CEOs to discuss potential cyber risks associated with Anthropic’s new AI model, Mythos. Anthropic has partnered with CoreWeave to rent data center capacity to power its AI services, granting limited access to Mythos to around 40 partners, including major financial institutions like J.P. Morgan, to conduct stress testing and prepare for any risks.
CoreWeave’s stock surged by 13% following the announcement of a multi-year deal with Anthropic, adding to its recent $21 billion contract with Meta. This reflects the rapidly growing revenue and demand for data center services driven by the expanding AI industry. The AI disruption fears have resurfaced as companies like Meta and Anthropic make significant investments, while OpenAI is scaling back some operations in the UK due to high energy costs.
In financial news, companies have been actively issuing bonds and convertible notes at low rates to capitalize on favorable market conditions. The quality of software environments supporting AI and other technologies remains a critical focus for investors and regulators alike, as the industry continues to evolve rapidly.
On the space front, the Artemis II crew, following a historic trip around the moon, is preparing for splashdown. NASA has conducted comprehensive investigations and additional testing on the heat shield of the current capsule, building on findings from Artemis I to ensure crew safety during re-entry. Lauren Lesh, a professor of space studies at Arizona State University, provided expert insights on these developments.
Lastly, Apple announced the closure of its first unionized retail store in the United States, citing declining conditions as the reason. The union has criticized this move as an act of union-busting, highlighting ongoing tensions between labor groups and major tech companies in the retail sector.
