Summary Anthropic may raise tens of billions to expand AI, potentially valuing it near $1T, while Australia urges financial firms to urgently address cyber risks from frontier AI like Mythos.
(Reuters) - Anthropic is weighing raising tens of billions of dollars this summer to fund a major expansion in computing capacity, a move that could lift its valuation to nearly $1 trillion and put it ahead of rival OpenAI, the Financial Times reported on Friday.
Meanwhile, Australia's corporate regulator has urged the country's financial sector to take urgent action on tackling potential cyber risks from frontier AI systems such as Mythos.
The Australian Securities and Investments Commission on Friday published a letter sent to the financial services industry saying greater action needed to be taken on ensuring cybersecurity practices are as strong as possible.
"Cyber risk has entered a new era, the advent of frontier AI models creates opportunity but also materially increases risk, with the ability to expose vulnerabilities faster than many realise," Simone Constant, ASIC commissioner, said.
"Do not wait for perfect clarity to address the threat posed by new AI models. Instead, act now, and act with discipline, to strengthen the cyber resilience fundamentals that underpin your business."
Potential risks posed by Mythos, which has high-level coding capabilities, have given it a potentially unprecedented ability to identify cybersecurity vulnerabilities, experts have warned.
Anthropic, which developed Mythos, did not immediately respond to a request for comment on ASIC's letter.
The ASIC warning follows Australia's banking regulator last month saying the domestic financial services industry's information security practices were struggling to match the rate of change in AI.
