Key facts
- JPMorgan Chase blocked Anthropic access for Hong Kong employees
- Goldman Sachs made a similar move before JPMorgan
- Anthropic makes Claude, a leading AI assistant competing with ChatGPT
- Restrictions linked to data security and local compliance concerns
NDTV reports that JPMorgan Chase has blocked its Hong Kong employees from accessing Anthropic's AI assistant, following a near-identical step taken earlier by Goldman Sachs. The move marks a notable pattern of major global financial institutions restricting access to third-party AI models, particularly in the Hong Kong market where regulatory and data-privacy concerns are acute.
Anthropicl, the AI safety company backed by Amazon and Google, makes Claude — one of the leading large language model assistants competing with OpenAI's ChatGPT. Both JPMorgan Chase and Goldman Sachs are among the most influential financial institutions globally, and their decisions to restrict access carry significant weight across the industry.
The restrictions appear tied to concerns about data security, compliance with local regulations, and the handling of sensitive financial information through external AI platforms. Hong Kong operates under a distinct regulatory environment, and banks have grown increasingly cautious about what data employees share with AI tools.
For Indian financial sector professionals and regulators, this development is a signal of the direction of travel: as AI tools become more embedded in day-to-day work, large institutions — including potentially Indian banks — will face pressure to define clear policies on which AI platforms employees can use and under what conditions.