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Goldman Sachs And Citi Restricts Employees From Using ChatGPT

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Citigroup and Goldman Sachs have imposed restrictions on employees' use of ChatGPT.

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Citigroup has blocked access to the chatbot due to automatic restrictions on third-party software.

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Traders at Goldman Sachs have also been restricted from using ChatGPT.

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Financial News based in London first reported the ChatGPT restrictions at the Wall Street banks.

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JPMorgan has limited the use of ChatGPT among traders due to concerns about regulatory action.

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Bloomberg reported that ChatGPT's restriction at JPMorgan was part of standard procedures for third-party software.

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Representatives for Citi and Goldman Sachs declined to comment on the matter.

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A spokesperson for OpenAI, the research firm that developed ChatGPT, did not respond to a request for comment.

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ChatGPT has gained popularity for its human-like ability to perform various tasks.

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ChatGPT is at the center of a battle around AI between Microsoft, Google's parent Alphabet, and Apple, according to Wedbush Securities.

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