OpenAI Signs JPMorgan Chase as Cybersecurity and Coding Client, Deal Disclosed at WSJ Tech Conference
OpenAI Signs JPMorgan Chase as Cybersecurity and Coding Client, Deal Disclosed at WSJ Tech Conference #
OpenAI has signed JPMorgan Chase as an enterprise partner, with the bank set to use the AI lab’s Codex coding agent and a set of cybersecurity-focused models across its operations, according to announcements at the Wall Street Journal’s annual tech conference.
OpenAI president and co-founder Greg Brockman disclosed the deal on stage on November 4, describing it as a previously unannounced partnership. He said JPMorgan would use Codex, OpenAI’s autonomous coding agent, to support its engineering teams, and would also use OpenAI’s cyber-focused models to defend its systems. The arrangement also covers broader knowledge work across the bank.
After the conference, Brockman posted on X to formalize the announcement, writing that the two companies would explore how advanced AI could support JPMorgan’s enterprise, covering engineers, security teams, employees, and customers. He said cybersecurity was his particular focus, adding that he wants to help secure the financial system in ways not possible without AI.
According to PYMNTS, JPMorgan will access OpenAI’s cyber tools through the lab’s Daybreak program, a framework that gives approved organizations advanced cybersecurity capabilities, security solutions, and partnered support. The bank is one of four launch partners for the broader Trusted Access for Cyber initiative, alongside Cisco, CrowdStrike, and Nvidia.
The new deal extends an existing relationship. JPMorgan has used OpenAI models since 2024 through its internal LLM Suite platform, which gives employees access to AI-assisted tools. The latest agreement reaches further into software engineering and cyber defense.
Brockman also addressed OpenAI’s revenue growth at the conference. He said enterprise revenue, which previously accounted for about 30% of the company’s business, has grown to represent a majority share, and cited the JPMorgan deal as an example of that shift. He also said OpenAI could be positioned for an initial public offering as early as 2027.
The announcement comes as OpenAI and rival Anthropic compete for cybersecurity spending from major financial institutions. JPMorgan is also understood to participate in Anthropic’s Project Glasswing security initiative, suggesting the bank is hedging its bets across both platforms rather than committing to one exclusively.
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