Concerns Over Anthropic's AI Model Trigger $2 Trillion Selloff in IT Stocks
Anthropic’s Claude Mythos AI fears trigger $2 trillion wipeout in IT stocks; JPMorgan CEO Jamie Dimon warns 'AI will likely worsen...'
The Economic TimesImage: The Economic Times
Anthropic's new AI model, Claude Mythos Preview, has sparked fears over cybersecurity vulnerabilities, leading to a $2 trillion decline in enterprise software stocks. An emergency meeting at the US Treasury addressed these risks, highlighting the dual-use nature of advanced AI technologies.
- 01Claude Mythos Preview has identified thousands of software vulnerabilities, raising cybersecurity concerns.
- 02The $2 trillion selloff in enterprise software stocks reflects investor fears about AI's impact on traditional software demand.
- 03An emergency meeting at the US Treasury involved discussions on the cybersecurity risks posed by this AI model.
- 04Project Glasswing aims to use Claude Mythos defensively, with Anthropic committing $100 million in usage credits.
- 05JPMorgan Chase CEO Jamie Dimon warns that AI could exacerbate cybersecurity threats.
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The release of Anthropic's AI model, Claude Mythos Preview, has triggered significant alarm on Wall Street, resulting in a staggering $2 trillion selloff in enterprise software stocks. This model has demonstrated a remarkable ability to identify and exploit software vulnerabilities, prompting an urgent meeting at the US Treasury with major bank CEOs, including those from Bank of America and Citigroup. The focus of the meeting was on the cybersecurity risks associated with this new AI technology, rather than traditional financial topics. In response, Anthropic has launched Project Glasswing, a collaborative initiative with leading tech companies aimed at using Claude Mythos defensively to secure critical software infrastructure. Anthropic is investing up to $100 million in usage credits and $4 million in donations to open-source security organizations. Jamie Dimon, CEO of JPMorgan Chase, emphasized in his shareholder letter that AI could worsen cybersecurity threats, highlighting the urgent need for defensive measures. This situation underscores the dual-use nature of advanced AI, which can both enhance and threaten cybersecurity preparedness across industries.
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The selloff in IT stocks may affect investment strategies and job security within the tech sector, as companies reassess their reliance on traditional software solutions.
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More about Anthropic
US Government Engages Tech CEOs Over Concerns About Anthropic's AI Model Mythos
The Times Of India • Apr 11, 2026
Concerns Over Anthropic's Claude Mythos AI Trigger $2 Trillion Selloff in Tech Stocks
The Economic Times • Apr 11, 2026

US Officials Alert Bank CEOs to Cybersecurity Threats from Anthropic's AI Model
Business Standard • Apr 10, 2026
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