Goldman Sachs revealed that the company is using generative AI tools to aid its software developers in writing and testing code, just weeks after reports of major U.S. banks—including Goldman—restricting staffers’ use of ChatGPT.
the use of ChatGPT by its staff. The reports suggested that the ban wasn’t a result of any particular incident but rather due to concerns about potential regulatory risks surrounding the sharing of sensitive financial information with OpenAI’s chatbot. A few days later, Bloomberg reported that other major U.S. banks—including Bank of America, Citigroup, Deutsche Bank, Wells Fargo and Goldman—had also implemented similar restrictions.
According to the report, Goldman and other banks blocked access to the popular chatbot as part of standard restrictions placed on the use of third-party software.Interest in generative AI tools has surged in the past few months following the public release of OpenAI’s ChatGPT chatbot late last year. The technology gained more mainstream attention last month after Microsoft integrated the chatbot into its Bing search engine.
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