Anthropic Expands Project Glasswing Across More Than 15 Countries

Anthropic is expanding access to Project Glasswing, its AI-based vulnerability detection initiative, to approximately 150 additional organizations across more than 15 countries.

Expanding Global Cybersecurity Efforts

The expansion follows an initial deployment involving 50 organizations, including U.S. government agencies. Project Glasswing is designed to help identify software vulnerabilities in sectors where cybersecurity risks can have significant operational consequences. Participating organizations operate across industries, including energy, water, healthcare, communications, and hardware.

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Leveraging Advanced AI For Critical Infrastructure

Project Glasswing is powered by Claude Mythos, Anthropic’s latest AI model for cybersecurity applications. According to the company, the model has identified thousands of previously unknown software vulnerabilities during testing and early deployments. Anthropic says the initiative focuses on protecting critical infrastructure and software systems used by public and private organizations.

Market Developments And IPO Prospects

The expansion arrives on the heels of Anthropic filing confidentially for an initial public offering following a monumental $65 billion funding round that propelled the company’s valuation to nearly $1 trillion. This dual motion, broadening the scope of Project Glasswing while preparing for an IPO, positions Anthropic at the forefront of cybersecurity innovation, even as market competitors accelerate their own initiatives.

Rising Competition And Industry Implications

The broader industry landscape is witnessing heightened activity, with rivals such as OpenAI rolling out their own cybersecurity-focused models like GPT-5.5-Cyber. Through Project Glasswing, Anthropic is expanding partnerships with organizations responsible for maintaining critical software and infrastructure systems.

The initiative reflects growing industry interest in applying AI models to cybersecurity challenges across both public and private sectors.

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Cyprus Parliament Approves New Business Development Agency

by THEFUTURE.TEAM

July 17, 2026

Parliament Approves Cyprus Business Development Agency

Cyprus’ House of Representatives unanimously approved legislation on Tuesday establishing the Cyprus Business Development Agency (KOAE), following the adoption of several amendments proposed by lawmakers.

The agency is intended to improve access to finance for small and medium-sized enterprises, startups and self-employed professionals, helping address longstanding funding gaps in the market.

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Approval of the legislation also enables the government to unlock between €50 million and €69 million from the Recovery and Resilience Fund.

What Changes

One of the key amendments, jointly proposed by DISY, DIKO and the ALMA movement, requires the criteria governing the agency’s maximum financing exposure, including lending to connected enterprises, to be set through regulations approved by Parliament.

The amendment strengthens parliamentary oversight while providing a clearer governance framework for the agency.

Parliament Backs Bill After Debate

Although the bill received unanimous support, several MPs criticised the government for submitting it only on June 25, leaving Parliament with limited time to examine the legislation.

DISY MP Savia Orphanidou said lawmakers had completed their review in the national interest, stressing that easier access to finance is essential for the sustainability of businesses. She also welcomed safeguards added during parliamentary scrutiny, including the planned €60 million capital allocation through 2030.

AKEL MP Andreas Pasiourtidis said the agency should prioritise very small businesses and welcomed provisions strengthening board governance, annual reporting to Parliament and disclosure requirements relating to politically exposed persons.

DIKO MP and House Finance Committee Chair Christiana Erotokritou said similar institutions have operated successfully in other countries for years, adding that the legislation now includes modern safeguards to ensure responsible use of public funds.

Meanwhile, Giannis Laouris of Direct Democracy noted that Cyprus is the only EU member state without a dedicated institution supporting small businesses. He warned that failure to pass the bill would have put between €50 million and €69 million in Recovery and Resilience funding at risk, while maintaining reservations about establishing KOAE as a semi-state organisation.

Why It Matters

The new agency is expected to expand financing options for businesses that often struggle to secure bank financing due to limited collateral or short credit histories.

If implemented effectively, KOAE could strengthen Cyprus’ SME ecosystem, improve access to capital for startups and self-employed professionals, and help convert Recovery and Resilience funding into long-term economic growth.

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