Experts warn that cybersecurity assessments are urgently needed to prevent potential economic damage from advanced AI models. China’s banking sector is reported to be taking a cautious approach to maintain financial stability.

With US Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell reported to have held urgent talks over Anthropic’s latest artificial intelligence model, experts are warning that immediate cybersecurity assessments are needed to avert potential economic damage running into the hundreds of billions of US dollars. Across the Pacific, however, analysts said China’s banks were taking a more cautious approach, as Beijing prioritises financial stability and intensifies monitoring of.....