Banks in Hong Kong stopped using AI models from the American company Anthropic. JPMorgan Chase and Goldman Sachs made this decision in April and May. They followed strictstrict/strɪkt/L2严格的firmly enforced; not flexible or lenient US rules that limit China's access to advancedadvanced/ədˈvænst/L2先进的very modern and using the latest technology or ideas AI. This move could hurt Hong Kong's position as a financial center. A report said that blocking top AI models threatens Hong Kong's revivalrevival/rɪˈvaɪvəl/L2复兴a situation in which something becomes popular or successful again.
China's AI industry might win from this situation. When foreigners cannot use US models, they often switchswitch/swɪtʃ/L2转换to change from one thing to another to Chinese ones. These Chinese models are much cheaper. For example, DeepSeek's V4 Pro is 60 times cheaper than Anthropic's Fable 5. Also, Chinese models like MiniMax and Alibaba's Qwen are open source. Clients can change them freely to meet their needs.
Demand for Chinese models is now higher than for US models on some platforms. A reporter noted that Chinese open-source models are popular in many countries. They offer a good balancebalance/ˈbæləns/L2平衡a state where different things exist in the right amounts between price and performance. In contrast, Europe is behind in AI and worried about the US ban. A French politician warned that relying on foreign technology is risky. A British official said the ban affected researchers and hospitals in the UK.
