US Anthropic ban is best advert for Chinese AI

AI Summary

US restrictions on access to Anthropic AI models by Chinese users have led major banks in Hong Kong like JPMorgan Chase and Goldman Sachs to discontinue their use, highlighting tensions around advanced AI technology access. The bans may inadvertently promote Chinese AI firms as viable alternatives.

Bankers working for JPMorgan Chase and Goldman Sachs in Hong Kong must have been miffed when they were shut off from using artificial intelligence (AI) models from Anthropic, a pioneering American firm in the field. Goldman Sachs and JPMorgan Chase pulled the plug in April and last week respectively, based on a strict interpretation of Anthropic’s terms of use, which reflect Washington’s stringent restrictions on China’s access to frontier American AI models. The banks’ decisions are seen as a...