What to know:
- JPMorgan blocked Anthropic Claude access for Hong Kong employees.
- Licensing agreement concerns prompted the removal from approved tools.
- Goldman Sachs previously removed Claude access in Hong Kong.
- Growing AI tensions drive stricter technology access controls.
JPMorgan Chase has removed Anthropic’s Claude AI models from its approved tools for employees in Hong Kong, citing licensing agreement concerns. The move mirrors a similar decision by Goldman Sachs and comes amid growing U.S.-China tensions over artificial intelligence, data security, and access to advanced technologies worldwide.
JPMorgan Removes Anthropic Access In Hong Kong
JPMorgan Chase has halted employee access to Anthropic’s Claude AI models in Hong Kong, according to a report by the Financial Times.
The decision affected the bank’s internal list of approved large language models available to staff in the financial hub. The reported change stemmed from the wording contained in Anthropic’s licensing agreement with JPMorgan.
As a result, the bank removed Claude from its internal drop-down menu of approved AI tools. The move highlights the increasing attention financial institutions are giving to compliance, licensing requirements, and cross-border technology use.
Neither JPMorgan nor Anthropic provided comments following the report. Independent verification of the claims was also not immediately available.
Also Read: Trace Finance Raises $32 Million to Expand Global Stablecoin Payment Infrastructure
Goldman Sachs Took Similar Action Earlier
JPMorgan’s decision follows a similar step by Goldman Sachs. In April, the investment bank reportedly removed Claude from the list of approved AI tools available to employees based in Hong Kong.
These dual steps taken by these two prominent Wall Street companies may well indicate a broader reassessment of the manner in which such sophisticated AI systems could be deployed outside of U.S. borders. The major financial institutions continue to deliberate the potential risks of these latest AI developments.
Hong Kong continues to be among the few markets where some US-made artificial intelligence systems can still operate, despite limitations in mainland China. Access, however, is dependent on the terms imposed by the companies behind such AI systems.
Rising U.S.-China Tensions Shape AI Policies
The most recent limits come in response to increased hostility between the U.S. and China regarding artificial intelligence and advanced computing capabilities.
There is greater focus from both governmental and corporate bodies on determining how competent the AI technology is being disseminated and utilized.
Earlier this week, the US Department of Commerce issued an official letter to Anthropic’s chief executive officer, Dario Amodei, instructing him to stop sending its AI systems Mythos and Fable abroad and to non-US citizens.
This decision is based on concerns about how cutting-edge AI could be used for intelligence purposes in countries that are regarded as competitors.
This issue has also made its way into politics. In a tweet posted on Wednesday, US President Donald Trump stated that discussions between Anthropic and the administration were proceeding positively.
With regulatory agencies putting pressure on companies and increasing their regulatory efforts, geopolitical considerations are more important than ever in gaining access to powerful AI technology.
Also Read: US Gaming Groups Urge Ban on Prediction Markets Sports Betting in Crypto Bill
Be the first to comment