Desperate Indian Fintech Firms Rally for Early Access to Anthropic’s Game-Changing Mythos | Tech News
India’s top financial technology firms are urgently seeking early access to Mythos, an artificial intelligence model developed by San Francisco-based Anthropic PBC. This technology has raised global concerns about an increased risk of cyberattacks due to its capabilities to identify undetected vulnerabilities.
Among those pressing for access are prominent companies such as One97 Communications Ltd., Razorpay Software Ltd., and Pine Labs Ltd. Their requests for testing Mythos arose after Anthropic announced a limited rollout of the model, which it deemed too hazardous for broader distribution. “We had an urgent call with Anthropic to check when they might create a second list of companies eligible for access,” said Vijay Shekhar Sharma, founder and CEO of One97.
During discussions with Anthropic representatives, Sharma was questioned about how One97 would utilize Mythos and its potential benefits to the company. The inquiries underscored Anthropic’s careful consideration of who is permitted to access its advanced AI technology. “Is this the beginning of the end?” Sharma pondered, emphasizing that anxiety surrounding such models extends beyond business concerns to encompass the integrity of financial systems. He warned that a nation’s technological networks could easily be infiltrated from various nodes, suggesting that modern warfare could increasingly rely on cyber tactics rather than traditional methods.
This push for access reflects a broader global trepidation about Mythos, especially after revelations that the model can uncover cybersecurity flaws that have remained hidden for years. Anthropic initially stress-tested the model internally before alerting industry players. A select group, including Amazon Web Services, Apple, and JPMorgan Chase, has already received access, with Anthropic planning to expand involvement through its Project Glasswing initiative.
The announcement created ripples across international financial circles, leading U.S. Treasury Secretary Scott Bessent to label the model as a “step function change in abilities”—indicative of a significant leap in technological capabilities. European Central Bank President Christine Lagarde recently cautioned about the dangers posed if Mythos were to fall into the wrong hands.
The implications of Mythos are now a pressing concern for boardrooms and government ministries alike. Experts fear it could facilitate mass bank account theft, disrupt international payment systems, or even precipitate a crisis in the global financial network. The Reserve Bank of India has not yet responded to inquiries about whether it or India’s banks and insurers are evaluating the risks associated with Mythos.
At Razorpay, a crucial payments platform for businesses, security teams are on high alert. “It’s a race against time for startups like us,” stated co-founder and CEO Harshil Mathur, as the company pushes for Mythos access to analyze and safeguard its platform against vulnerabilities. Mathur noted that Mythos has been a hot topic of discussion among startups for the past ten days, as expectations rise regarding the stringent contracts that might accompany the model’s rollout.
India boasts a vast pool of engineers developing software for significant global financial entities, making it a burgeoning market for Anthropic’s Claude model, used for various tech applications. Pine Labs’ CEO Amrish Rau highlighted that regulators are likely to advocate for stricter security measures as a response to the escalating threat of cyberattacks, asserting that security must transcend mere compliance.
Overall, the pressure from Indian fintech firms underscores a critical juncture in the interplay between technological advancements and cybersecurity risks, as the industry grapples with the transformative potential-and peril-of AI-driven models like Mythos.
Original Source: https://www.business-standard.com/technology/tech-news/nervous-indian-fintech-firms-push-anthropic-for-early-access-to-mythos-126041701498_1.html
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Publish Date: 2026-04-17 23:50:00
