JPMorgan Limits How Much Its Staff Can Use ChatGPT

JPMorgan Chase is putting limits on how much its employees can use the AI-powered chatbot ChatGPT.

The move, first reported by The Telegraph, applies to all employees and was not sparked by a specific occurrence.

Instead, it is part of a larger set of rules about how third-party software is used in a heavily regulated industry.

JPMorgan is one of a number of banks that have recently been fined a lot of money because their employees used WhatsApp to talk to clients.

ChatGPT, which makes text in response to questions, became a hit when developer OpenAI let it out into the wild at the end of last year.

Many people think that the technology can be used in a wide range of fields, including the financial services.

But because of worries about bias and accuracy and because regulators are still getting used to the new technology, financial services companies are moving slowly.