JPMorgan restricts Hong Kong staff access to Anthropic AI models
JPMorgan Chase & Co. restricted Hong Kong employees' access to Anthropic's AI models, including Claude, following US national security directives. The move aligns with similar actions by Goldman Sachs Group Inc. and Anthropic's own restrictions on mainland China. JPMorgan's market cap is $871.43 billion, with the stock down 2.47% at $325.22.

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JPMorgan Chase & Co. has restricted Hong Kong employees' access to Anthropic's AI models, including Claude, due to US national security concerns and updated licensing terms. The bank removed the models from an internal list of approved large language models available to staff in the Asian financial hub, according to a report by the Financial Times. This move reflects growing pressure from Washington and Anthropic itself to control the export of advanced AI technologies.
The White House, citing national security risks, blocked all foreign nationals from using Anthropic's most advanced models. In response, Anthropic disabled access to Fable 5 and Mythos 5 after receiving an export-control order from Commerce Secretary Howard Lutnick. Anthropic described the directive as a misunderstanding and subsequently shut down public access to these models altogether.
JPMorgan's decision follows a similar move by Goldman Sachs Group Inc., which also restricted Anthropic use in Hong Kong. The report notes that these curbs represent a threat to Hong Kong's revival as an international financial center, given the increasing adoption of AI models in sectors like coding. Separately, Anthropic has barred its products from use in mainland China to prevent Chinese AI firms from training their own models through "distillation attacks."
Trading Metrics
JPMorgan's stock performance reflects broader market trends amid these operational changes. The bank's market capitalization stands at $871.43 billion, with the stock trading 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%.
| Metric | Value |
|---|---|
| Market Capitalization | $871.43 billion |
| 52-Week High | $338.09 |
| 52-Week Low | $272.11 |
| 12-Month Gain | 18.26% |
| Recent Close | $325.22 |
| Daily Change | -2.47% |
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.
Will other major US financial institutions follow JPMorgan and Goldman Sachs in restricting AI access for their Hong Kong operations?
How will these restrictions impact Hong Kong's competitiveness as a global financial hub compared to Singapore or other Asian markets?
Could the tightening of US export controls on AI accelerate the development of domestic large language models in China?




























