Europe's banks ‘at risk’ as EU struggles to secure access to Anthropic's most powerful model

The European Union’s (EU) financial network faces a digital security threat as high-level talks with American artificial intelligence (AI) startup Anthropic have officially stalled. Speaking ahead of a summit of EU finance chiefs in Nicosia on Friday (May 22), Spain’s economy minister Carlos Cuerpo revealed that European authorities have made very little progress in convincing Anthropic to help them test European banks and corporations against its powerful new Mythos AI model.“Unfortunately, there has been limited progress in this area and we will raise the issue again at today’s meeting,” Cuerpo warned, adding, “It is undoubtedly one of the most important elements not only in the medium and long term, but also in the short term.”The gridlock arrives several weeks after EU Economy Commissioner Valdis Dombrovskis first confirmed that the trading bloc had opened a diplomatic dialogue with Anthropic to bridge the security gap.The source of Europe’s ‘anxiety’ is the capability of the Mythos model which is built as a specialised, highly advanced cybersecurity tool. It can autonomously hunt down and identify completely unknown “zero-day” software flaws inside complex IT networks.Since the model is so potent, Anthropic has heavily restricted access to the technology, keeping it gated from the general public. The company has provided limited access to tech companies like Google, Apple, Microsoft as well as financial institutions and banks.However, this secrecy has triggered worry among European regulators, who argue that they are being kept in the dark, leaving them unable to patch their systems or prepare Europe’s financial infrastructure for potential cyberattacks if malicious actors or rival nation-states ever reverse-engineer or repurpose the vulnerabilities Mythos is currently uncovering.While Anthropic has largely locked out European regulators, the San Francisco-based AI firm has already actively begun working alongside domestic US companies and defense agencies to identify and mitigate software risks across America.“Financial stability is global. “The impact that a disruptive model such as Mythos, or others that will follow, may have on banks in the UK, Canada and Europe can also spread to the US through an interconnected system,” Cuerpo stated.