Anthropic curbs and cost fears spur banks to shop around for AI
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Risk Live: Banks increasingly wary of reliance on US models amid uncertain geopolitical environment and mounting costs
A temporary set of US government restrictions on Anthropic’s powerful frontier AI models for non-US users are pushing foreign banks to diversify their providers. Banks fear access to cutting-edge technology could be abruptly withdrawn in future, with some European regulators also said to have raised broader concerns over concentration risk in private.
“Since the executive order, I think there’s
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