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Bloomberg

Mnuchin Talks Semiannual Reporting, AI and Fed Rates

Steven Mnuchin, founder of Liberty Strategic Capital and former US Treasury Secretary, says he supports the proposal released by the Securities and Exchange Commission that will allow US companies to choose to report earnings semiannually. Speaking at the Milken Institute Global Conference in Beverly Hills, California, Mnuchin also comments on the economic impact of AI, the conflict in Iran, the federal budget deficit and Federal Reserve monetary policy.

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Bloomberg

Bessent Summoned Wall Street Leaders to Discuss Anthropic's New AI

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic will usher in an era of greater cyber risk. The meeting was to make sure banks are aware of possible future risks raised by Anthropic's Mythos a more powerful system that the AI firm has said is capable of identifying and then exploiting vulnerabilities in every major operating system and web browser when directed by a user to do so. Bloomberg's Avril Hong reports.

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