JPMorgan Chase blocked its Hong Kong employees from accessing Anthropic AI models, the Financial Times reported on June 18.
JPMorgan removed the Claude model from its list of approved large language models available to Hong Kong staff, citing wording in the usage terms of its licensing agreement with Anthropic, the report said. Goldman Sachs also excluded Claude in April from its list of approved tools used by bankers in Hong Kong.
The moves by the two banks come as U.S.-China tensions rise over AI technology, data security and access to advanced computing tools. AI models made by U.S. companies cannot be used in mainland China, but Hong Kong had been able to use some models under usage restrictions set by U.S. companies.
This week, U.S. Commerce Secretary Howard Lutnick ordered a halt to exports of the Mythos and Fable AI models in a letter to Anthropic CEO Dario Amodei, citing their potential use by military intelligence agencies in countries of concern such as China and Russia.