#QuickTakes By

JPMorgan Restricts Staff From Using ChatGPT

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

JPMorgan Chase has temporarily restricted the use of ChatGPT among its global staff.

-: FOLLOW US :-  @theinsaneapp

The decision was not taken due to a particular issue but to comply with limits on third-party software because of compliance concerns.

-: FOLLOW US :-  @theinsaneapp

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.

-: FOLLOW US :-  @theinsaneapp

The tool has reached 100 million monthly active users in January, making it the fastest-growing online application in history, according to UBS.

-: FOLLOW US :-  @theinsaneapp

The success of ChatGPT has started a competition among tech companies to rush AI products to market.

-: FOLLOW US :-  @theinsaneapp

Google and Microsoft have released their own ChatGPT competitors, called Bard and Bing AI chatbot, respectively.

-: FOLLOW US :-  @theinsaneapp

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.

-: FOLLOW US :-  @theinsaneapp

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.

-: FOLLOW US :-  @theinsaneapp

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.

-: FOLLOW US :-  @theinsaneapp

JPMorgan Chase declined to comment on the restriction of ChatGPT among its staff.

#GIVEAWAY BY INSANE

Do you know that we give away around $250 USd in cash prizes every week?

Let’s grow together!