Tiff Macklem, the Governor of the Bank of Canada, has raised alarms about the risks posed by advanced artificial intelligence, particularly focusing on Anthropic's AI model, Mythos. He cautioned that such powerful systems could quickly identify and exploit vulnerabilities in financial networks, potentially leading to significant threats to banks and global markets. Macklem stated, 'Mythos has arrived, it’s a lot more powerful than what came before,' highlighting the ongoing evolution of AI technologies. He called for urgent action from regulators and governments to understand and manage these risks effectively. The rising reliance on digital systems within the financial sector makes it increasingly susceptible to AI-driven threats. In response, authorities in Canada, the US, and the UK are reviewing their cybersecurity frameworks to enhance safeguards against potential misuse by cybercriminals. Macklem emphasized the necessity for stronger coordination among governments and financial institutions to ensure the stability of the financial system in the face of these emerging challenges.