Market Chatter: Anthropic to Stop Selling AI Services to Chinese Firms, Executive Says

MT Newswires Live
Sep 05

US artificial intelligence developer Anthropic will stop the sales of its services to groups that are majority-owned by Chinese entities, the Financial Times reported Friday, citing an unnamed executive who briefed the news agency.

Anthropic's move could impact companies such as ByteDance, Tencent (HKG:0700), and Alibaba (HKG:9988), according to the FT.

The move is aimed at limiting Beijing's ability to use its technology for its military and intelligence services, the report said.

"We are taking action to close a loophole that allows Chinese companies to access frontier AI," FT quoted the executive as saying.

The policy could also be extended to other US rivals such as Russia, Iran, and North Korea, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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