Governor Andrew Bailey said Anthropic’s product could be “a way to crack the whole cyber risk world open,” while other leaders including European Central Bank (ECB) president Christine Lagarde have highlighted the potential risks from the tool.

The company judged the product too dangerous for public release because its AI discovered hidden flaws in computer systems quicker than any human, and its development also stirred Federal Reserve chair Jerome Powell to summon Wall Street executives to a crisis meeting last week.

In an interview with the BBC, Canada’s finance minister François-Philippe Champagne described the threat as “serious enough to warrant the attention of all the finance ministers” and said it posed different economic risks to the ongoing war in Iran.

“The difference with the Strait of Hormuz is that we know where it is and we know how large it is,” Champagne said. “The issue that we’re facing with Anthropic is that it’s an unknown unknown.

“It requires a lot of attention so that we have safeguards, and we have processes in place to make sure that we ensure the resiliency of our financial system.”