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    JPMorgan Blocks Employees From Using AI platform ChatGPT

    March 3, 2023By Anane Ebenezer0 Views
    JPMorgan chase - Reuters
    JPMorgan chase ... Reuters
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    Recently, JPMorgan blocked access to the conversational AI platform ChatGPT, and other companies have followed suit. Verizon Communications and New York City public schools also prohibited the use of the chatbot on their systems, citing concerns over ownership of customer information and source code.

    However, some employees at different companies have been using ChatGPT to write emails and research topics, claiming that it helps them work faster and keep up with evolving technology.

    Several tech companies have introduced similar products since the release of ChatGPT by OpenAI. Google recently launched a conversational AI service called Bard, while Microsoft has upgraded its Bing search engine using ChatGPT’s technology. However, users have reported that Bing’s chatbot sometimes provides disturbing answers.

    OpenAI has announced the launch of a paid version of ChatGPT, which will be available to subscribers for $20 a month. JPMorgan’s decision to restrict employee use of ChatGPT was reported by The Telegraph earlier.

    The fear of losing ownership of sensitive customer information or source code, however, seems to be the most common concern among companies. Access to sensitive information is a big risk for any organization, and the use of third-party chatbots like ChatGPT can potentially compromise this information. In addition to this, concerns about the security of the data being inputted into the chatbot have also been raised, as it is not clear who owns the data or where it is being stored.

    Despite these concerns, some workers in organizations are still using ChatGPT to improve their productivity. They argue that the chatbot helps them to save time and complete tasks more efficiently. For instance, ChatGPT can be used to quickly draft emails or research topics, which saves employees valuable time.

    In response to the increasing demand for conversational AI services, some tech companies have launched similar products. Google, for example, recently rolled out a conversational AI service called Bard to testers. Microsoft has also upgraded its Bing search engine using ChatGPT’s technology. However, there have been some disturbing reports about Bing’s chatbot providing inappropriate and concerning responses to user queries.

    OpenAI, the company behind ChatGPT, has announced that it will be launching a paid version of the chatbot. This version will be available to subscribers for $20 per month. It is unclear what additional features or benefits the paid version of ChatGPT will offer compared to the free version.

    In conclusion, the concerns raised by JPMorgan and other organizations regarding the use of ChatGPT are valid, as the use of third-party chatbots can pose a risk to sensitive information. However, the demand for conversational AI services continues to grow as workers look for ways to increase productivity. As more companies enter the market with similar products, it remains to be seen whether ChatGPT will remain the dominant player in the field.

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