OpenAI announced a partnership with JPMorgan Chase to deploy its Codex coding agent and specialized cybersecurity models within the bank’s operations. The aim is to strengthen security and support a broader enterprise transformation, with particular attention to regulatory standards. JPMorgan has already used OpenAI’s models since 2024 through its internal LLM Suite platform, which had about 150,000 weekly active users by early 2026. The bank says its AI initiatives generated roughly $2 billion in annual savings. The new agreement does not replace JPMorgan’s existing collaboration with Anthropic, but it intensifies competition between the two providers for the bank’s cybersecurity budget.
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