JPMorgan Chase & Co. (NYSE:JPM) reportedly cut off Hong Kong employees’ access to Anthropic‘s AI models, facing pressure from both Washington and Anthropic itself.
The wording of Anthropic’s usage terms in its licensing agreement with JPMorgan prompted the bank to remove Claude models from an internal drop-down list of approved large language models available to staff in the Asian financial hub, according to a report by the Financial Times, citing sources familiar with the matter.
JPMorgan did not immediately respond to Benzinga‘s request for comment.
White House Security Concerns Triggered The Shutdown
The White House, citing national security concerns, blocked all foreign nationals from using Anthropic’s most advanced models. Anthropic disabled access to Fable 5 and Mythos 5 after receiving the export-control order, calling the directive a “misunderstanding.” Anthropic then shut down public access altogether.
The order stems from a directive issued earlier this week by Commerce Secretary Howard Lutnick, instructing Anthropic to halt exports.
According to an Axios Friday report, President Donald Trump viewed Anthropic as a national security threat “a week ago, maybe,” but said relations have since improved after CEO Dario Amodei responded “very responsibly” to a vulnerability flagged by Amazon.com Inc. (NASDAQ:AMZN).
Wall Street’s Access Curbs
JPMorgan’s decision follows Goldman Sachs Group Inc.’s (NYSE:GS) decision to similarly restrict Anthropic use in Hong Kong. The move “represents a threat to Hong Kong’s revival as an international financial centre,” given AI models’ growing adoption, particularly in coding, the report added.
Anthropic has separately barred its products from use in mainland China, wary that Chinese AI firms could train their own models on its outputs through so-called “distillation attacks.”
Trading Metrics
JPMorgan has a market capitalization of $871.43 billion. The stock has traded between a 52-week high of $338.09 and a 52-week low of $272.11.
Over the past 12 months, the stock has gained 18.26%.
Price Action: According to Benzinga Pro data, JPM closed the regular session at $325.22, down 2.47%.
Benzinga’s Edge Stock Rankings indicate that JPM is experiencing long-term consolidation along with medium and short-term upward movement.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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