Coinbase jumps after report of talks with Anthropic on new AI model

Shares of crypto exchange Coinbase COIN.O rise 5% to $183.58 in afternoon trading session after The Information reports co is in talks with Anthropic about the new Mythos model

Anthropic's Mythos is a new AI model that experts warn could supercharge complex cyberattacks and ​pose significant challenges to the banking industry with its legacy technology systems

Only a group of around 40 tech ​heavyweights, including Microsoft MSFT.O and Google GOOGL.O, ⁠have access to Anthropic's "Claude Mythos" model

The startup is also in ongoing discussions with the U.S. government ​about the ⁠model's capabilities

Including session's move, COIN down 18% YTD