Anthropic published its second company-wide Risk Report on August 14, 2026, and the headline change is a one-word upgrade in the wrong direction: the company now rates the risk of catastrophic harm from misalignment in high-stakes settings as “low,” up from the “very low” it assigned in its first report in February 2026. The same document discloses an unreleased internal model, called Model 2, that Anthropic says is somewhat more capable than its frontier Mythos 5, and states the company has no…