Wall Street Banks Are Banning Employee Use of AI Bot ChatGPT – Tech.co
Wall Street will need a lot of time to warm up to artificial intelligence: A handful of the biggest banks have cracked down on use of the AI chatbot ChatGPT.
Citigroup, Goldman Sachs and JPMorgan are among the biggest brands to ban any use of Microsoft’s ChatGPT for business purposes.
It’s not just an anti-technology stance, however: The banks simply won’t allow the use of third-party software without a thorough vetting, which makes sense when you consider that their entire industry lives and dies on keeping its clients’ money secure.
What the ChatGPT Crackdown Looks Like
Here’s the full list of banks with a ban on ChatGPT use during business communications:
- Bank of America Corp.
- Citigroup Inc.
- Deutsche Bank AG
- Goldman Sachs Group Inc.
- Wells Fargo & Co.
- JPMorgan Chase & Co.
“We are imposing usage limits on ChatGPT, as we continue to evaluate safe and effective ways of using technologies like these,” aWells Fargo spokesperson told Bloomberg.
This view is mirrored in…
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