Financial services giant JPMorgan Chase has reportedly banned its staff from using ChatGPT.
CNN cited sources saying that the decision, which applies to global staff, was due to compliance concerns over using third-party software.
JPMorgan staff were asked not to enter sensitive information into OpenAI’s free-to-use chatbot, a practice Ikea’s global vice president for digital ethics and responsible AI encouraged earlier this month.
The move comes after JPMorgan joined several financial giants in being hit with fines over employees’ use of WhatsApp to connect with clients.
But JPMorgan is not the only company to have banned staff from using the viral AI tool.
Wall Street is clamping down on ChatGPT as a slew of global investment banks impose restrictions on the fast-growing technology that generates text in response to a short prompt.
Bank of America Corp., Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and Wells Fargo & Co. are among lenders that have recently banned usage of the new tool, with Bank of America telling employees that ChatGPT and openAI are prohibited from business use, according to people with knowledge of the matter.
Amazon reportedly also barred team members from inputting confidential customer data into ChatGPT. And both Verizon and Accenture have also taken similar steps.
Other ChatGPT bans include China’s crackdown on internet users accessing the tool via links posted to social media and the International Conference on Machine Learning (ICML)’s barring of papers featuring AI-generated content.
The meteoric rise of OpenAI’s ChatGPT has recently been met with the stark reality of its limitations.
After being integrated into Bing as its new chat function, ChatGPT generated inappropriate responses to user queries during lengthy sessions. And renowned AI experts, including Meta’s Yann LeCun and professor Stuart Russell, have tried to calm the hype.
However, ChatGPT is expected to gain further interest, particularly from enterprises. Creator OpenAI is working on developing a paid professional version, ChatGPT Pro, and Bain & Co. has been brought in to help its clients embed the application into their existing products and services.
Source: AI Business
