JPMorgan Restricts Employees from Using ChatGPT

JPMorgan Restricts Employees from Using ChatGPT

Financial giant JPMorgan has reportedly restricted its employees from using the popular AI chatbot, ChatGPT. Since its November launch, ChatGPT has not just gained massive popularity but also lead to bans and restrictions.

The recent JPMorgan restriction is not the result of any specific incident, according to a person cited by the Wall Street Journal. Furthermore, it is difficult to determine how many of its employees are using ChatGPT and for what purpose.

OpenAI’s brainchild is mostly being used to complete school or college tasks, as it has the capability to write academic assignments for complex computing programs with a simple prompt. Tech magazine CNET published articles written by ChatGPT but was forced into an abrupt volte-face due to numerous factual errors.

While some academic institutions and businesses are outright banning ChatGPT, the number of AI-written books in Amazon’s Kindle store is booming.

Also read: AI-Written e-Books Boom on Amazon Following ChatGPT Launch

The chatbot has even given rise to the possibility of some white-collar jobs being replaced, as previously reported by MetaNews.

The banned list keeps growing

The number of companies that have blocked ChatGPT keeps growing, with telecommunications firm Verizon being the latest addition. The company has decided to block the chatbot from its corporate system due to concerns about the ownership of customer information and source code, as reported by the WSJ.

Following Stack Overflow and WeChat, ChatGPT was banned in New York City schools last month. Academic institutions such as universities in India, France, and Australia have also imposed restrictions on the chatbot.

In recent days, businesses have taken it seriously, with Microsoft warning its employees not to share sensitive and confidential data with ChatGPT.

Education institutions crack down

Baptist University has also restricted students from using ChatGPT and has become the second education institution to do so in Hong Kong. The action was taken in response to concerns raised about plagiarism in student assignments.

Dr. Albert Chau, vice president for teaching and learning, sent a letter to students warning them them they were committing plagiarism if they used AI technologies like ChatGPT and presented the work as their own.

The penalties for plagiarism and other forms of academic dishonesty included reduced grades, course failure, suspension, and dismissal, stated Chau.

Since last week, students at the University of Hong Kong have been prohibited from using ChatGPT or similar tools for course work. However, a wider discussion could be held to determine how the technology should be incorporated into learning, as reported by SCMP.

‘Banning ChatGPT is not a good idea’

While restrictions against ChatGPT are growing, some experts believe that banning ChatGPT in universities is not a good idea.

“We will move to the next orbit where ChatGPT becomes a part of the student’s life but then the teachers will have to modify their stance to differentiate between answer A and answer B in that orbit,” said Narayana Murthy, founder of Infosys.

Murthy explained that ChatGPT was first introduced to him by his son, who discovered it to be a very powerful tool for increasing people’s knowledge. He argues that the true test lies in young people’s ability to utilize ChatGPT to create compelling arguments, articles, and answers.

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