TL;DRIMF’s Georgieva warned Mythos-class AI “can be used to destroy the financial system” and flagged AI bubble risk. She said patching costs money and countries need fiscal space.
The head of the International Monetary Fund warned on Wednesday that advanced AI models like Anthropic’s Mythos “can be used to destroy the financial system” if they fall into the wrong hands. IMF Managing Director Kristalina Georgieva made the comments in Brussels while presenting the Fund’s annual economic assessment of the eurozone.
“What we recognize is that Mythos is just the beginning, there will be more like it,” Georgieva told journalists. She said the same capabilities that allow frontier models to identify cybersecurity vulnerabilities “with speed and scale that was unthinkable until now” can also be weaponised. “In the wrong hands, that same capacity can be used to destroy the financial system.”
Georgieva called for countries to have “all the elements of cybersecurity in place” and urged more cooperation between rich and poor nations, and between the public and private sectors. She noted there is no world cybersecurity organisation and that “in the current geopolitical environment it’s hard to imagine that we can have one.”
