Wall Street Banks Are Cracking Down on AI-Powered ChatGPT

Bloomberg2023-02-24

Banks currently restricting chatbot’s use, people familiar sayChatGPT has sparked intense interest across industriesWall Street is clamping down on ChatGPT with Citigroup Inc., Goldman Sachs Group Inc...

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TaiWoeiHaur
2023-02-25
TaiWoeiHaur
Hi
- Desmond669:
  Ok
Hunter88
2023-02-25
Hunter88
J

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Goldman’s traders are similarly restricted, another person said. Wells Fargo is doing likewise under standard control procedures for implementing third-party software, according to a spokesperson for the bank.“We are imposing usage limits on ChatGPT, as we continue to evaluate safe and effective ways of using technologies like these,” the Wells Fargo spokesperson said.JPMorgan Chase & Co. has implemented equivalent measures, it was reported earlier this week.ChatGPT became an internet phenomenon in recent months. Buzz about its future potential includes the possibility of it creating stock portfolios and hastening the production of analyst presentations, while there’s even an exchange-traded fund planned around the concept.Spokespeople for Citigroup and Goldman declined to comment. A spokesperson for OpenAI, the research company behind the chatbot, didn’t immediately respond to a request for comment. 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