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JPMorgan Chase has temporarily restricted the use of ChatGPT among its global staff.
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The decision was not taken due to a particular issue but to comply with limits on third-party software because of compliance concerns.
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ChatGPT, which was released in late November, has exploded in popularity and has been used for various purposes such as creating academic essays, creative scripts, trip itineraries, and computer code.
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The tool has reached 100 million monthly active users in January, making it the fastest-growing online application in history, according to UBS.
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The success of ChatGPT has started a competition among tech companies to rush AI products to market.
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Google and Microsoft have released their own ChatGPT competitors, called Bard and Bing AI chatbot, respectively.
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There are concerns about the technology, with demos of Google and Microsoft's tools producing factual errors and Microsoft's Bing chatbot giving troubling responses.
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Some businesses have encouraged workers to use ChatGPT, while others are worried about the risks, especially in the banking sector, which deals with sensitive client information and is closely watched by regulators.
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Schools have also restricted the use of ChatGPT due to concerns it could be used to cheat on assignments, with New York City public schools banning it in January.
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JPMorgan Chase declined to comment on the restriction of ChatGPT among its staff.