HomeNewsTrendsJPMorgan and other companies curbing ChatGPT use: ‘Our core values…’

JPMorgan and other companies curbing ChatGPT use: ‘Our core values…’

Companies are treading cautiously when it comes to artificial intelligence, to avoid exposing sensitive data.

February 23, 2023 / 10:25 IST
Story continues below Advertisement
OpenAI's ChatGPT has taken the tech world by storm. But it doesn't come without limitations.
OpenAI's ChatGPT has taken the tech world by storm. But it doesn't come without limitations.

Investment bank JPMorgan Chase & Co. is curbing its staff's usage of ChatGPT amid concerns that potentially sensitive data could be exposed, The Telegraph reported.

The restrictions follow similar curbs introduced by Amazon, Accenture and schools in New York city on the AI-powered chatbot.

Story continues below Advertisement

At JPMorgan, there have been concerns that sharing financial information with the chatbot could invite regulatory action.

ChatGPT, developed by OpenAI, has taken the world by storm with its ability to write academic essays, speeches, press releases and code and answer complicated questions within seconds. Many organisations are integrating it in their daily routines, to automate certain tasks.