AI alarm hits Wall Street
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 10 April 2026
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Friday, the 10th of April. I'm Julie Morgan. |
| 0:13.6 | Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell are said to have summoned Wall Street leaders to an urgent meeting on concerns |
| 0:22.4 | that the latest AI model from Anthropic will usher in an era of greater cyber risk. |
| 0:28.5 | Reports say they assembled the group at Treasury's headquarters in Washington earlier this week |
| 0:33.5 | to make sure banks are aware of possible threats raised by anthropics mythos and potential |
| 0:38.9 | similar models and are taking precautions to defend their systems. Bloomberg News, which first |
| 0:44.9 | reported the matter on Thursday, said the CEOs of Citigroup Morgan Stanley, Bank of America, |
| 0:51.2 | Wells Fargo, and Goldman Sachs were present. J.P. Morgan Chase CEO, Jamie Diamond, |
| 0:56.9 | was invited to the conversation but could not attend. Anthropic on Tuesday released the model |
| 1:02.7 | Claude Mythos preview to a select group of partners, including Amazon, Apple, and Microsoft, |
| 1:09.5 | to give them a head start on being able to secure vulnerabilities. |
| 1:14.1 | Anthropics says the new model can find software vulnerabilities better than all but the most |
| 1:19.7 | skilled humans. Software companies nearly across the board were bleeding on Thursday, |
| 1:25.5 | with cybersecurity names hit the hardest amid persistent fears of |
| 1:29.3 | AI disruption and a shaky geopolitical backdrop. Cybersecurity firms were hemorrhaging the most, led by |
| 1:36.8 | Qualsys, which was down 12%. Cloudflare and Tenable close more than 8% lower, and Z-scaler tumbled 11%. |
| 1:45.8 | Moreover, OpenAI is also finalizing a new powerful model with advanced cybersecurity capabilities |
| 1:52.6 | that it plans to release only to a small set of companies, similar to Anthropics' limited |
| 1:58.5 | rollout of Mythos. |
| 2:06.7 | Meta is taking down ads by law firms seeking clients on Instagram and Facebook to join lawsuits alleging harm from addictive platform design. The crackdown comes after a wave of legal |
| 2:12.7 | momentum against social media companies in recent court losses, including a $375 million ruling in New Mexico |
... |
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