The Securities and Exchange Board of India (SEBI) is set to issue an advisory concerning the growing risks associated with advanced Artificial Intelligence (AI) models, specifically highlighting Anthropic's "Mythos." Tuhin Kanta Pandey, the chairman of SEBI, confirmed the regulator's plans, emphasizing the need for market participants to enhance their resilience against emerging AI-led vulnerabilities.
Concerns Over Advanced AI Models
The advisory comes amid increasing global scrutiny of powerful AI tools like Anthropic's Mythos, which is recognized for its advanced capabilities in cybersecurity, including the analysis of systems and identification of "zero-day" vulnerabilities. Anthropic itself has reportedly cautioned against the public release of the model due to its potential dangers.
Finance Minister Nirmala Sitharaman recently convened a meeting with senior officials from various banks to discuss the potential risks posed by Mythos. SEBI Chairman Pandey noted that while Mythos is not yet widely available, its demonstrated capabilities already signal grave risks for the financial sector.
Proactive Measures for Market Participants
Pandey stressed the importance of proactive engagement from market players. "It's very important for market players and others to use whatever tools they have to see they are proactive, find out vulnerabilities themselves and patching them up," he stated. SEBI is in continuous dialogue with market participants and stakeholders to address these evolving challenges, with the initial advisory expected soon to guide the industry on detecting and mitigating AI-related threats.