JPMorgan has introduced a $2,000 monthly spending cap for some engineers using Anthropic’s Claude, according to internal Teams messages seen by Business Insider.
The cap coincides with the rollout of a new coding architecture called “Devspace,” which restricts Claude’s access to employee credentials and limits its ability to interact with internal systems.
JPMorgan Caps Claude Spending at $2,000
The move reflects Wall Street’s growing concern over ballooning AI token costs. JPMorgan executives previously noted that some employees were spending more on tokens than their salaries.
While CFO Jeremy Barnum described token expenses as “trivial” during the bank’s July earnings call, he warned of accelerating costs in the second half of the year.
Devspace, hosted on Amazon Web Services, acts as a sandbox environment to isolate AI agents from sensitive data. Global Chief Information Security Officer Pat Opet said the architecture ensures agents have “an identity but no entitlements,” reducing risks if they attempt to break out of the environment.
As of September, only a fraction of JPMorgan’s 65,000‑person technology division has access to Claude, with about 8,000 licenses issued and 1,900 engineers in the Devspace Teams group.
The rollout underscores JPMorgan’s cautious approach to AI adoption, balancing innovation with cost discipline and cybersecurity.
