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    Home»FINANCE»Apple Bans ChatGPT Against Risk of Data Leaks
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    FINANCE

    Apple Bans ChatGPT Against Risk of Data Leaks

    Asher TameBy Asher TameMay 22, 2023No Comments2 Mins Read
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    Artificial intelligence ChatGPT is both revolutionary and divisive . There’s no doubting the tool’s usefulness . Concerns over its usage however, are warranted . In recent weeks the number of entities rejecting ChatGPT has grown . Apple is one of these companies . And here’s why .

    Apple Bans ChatGPT to Employees Against Risk of Data Leaks

    ChatGPT is no longer available for usage by Apple’s staff . On Friday, May 19, the American tech giant issued a formal announcement to its employees .

    As an explanation the firm is worried about its data and infrastructure security . As all of the data is stored on ChatGPT’s servers there is a risk of data leaks about the services and technology of Apple  . Consequently, these worries would center on the company’s fear of losing its competitive edge .

    By this logic we can see that Apple’s choice to restrict ChatGPT for its workers is not a limiting measure . It’s compatible with similar pieces of technology . They banned Copilot in the past which is a Microsoft-backed program that helps speed up the process of creating computer programs .

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    Apple Is Not the Only One

    The practical considerations may explain Apple’s choice . Indeed Apple CEO Tim Cook said at the start of the month that the business was investigating incorporating AI into its devices . The optimal course of action here would be to introduce your own AI system . And the firm is making steady progress toward that end .

    We can see same trend in other technology companies like Samsung of South Korea . Company policy prohibits workers from using AI technologies or face “disciplinary measures up to and including termination,” much like Apple’s policy .

    Companies like Apple and Samsung are not alone in taking precautions like these . Many other financial institutions, including JPMorgan Chase, Bank of America, Goldman Sachs, and Citigroup, have followed suit . Isn’t this a bold and ultimately significant move, considering Apple’s plans for the cryptocurrency market?

     

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    Asher tame
    Asher Tame
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    Content Editor Hi there! My name is Asher, and I'm a Finance Editor based in Canada. I'm passionate about all things finance and have spent years honing my skills in the industry. I graduated from the Master of Finance program at the University of Toronto, which provided me with a strong foundation in financial theory and practice. Since then, I've worked in a variety of finance-related roles, including as a financial analyst and a financial advisor. These experiences have given me a deep understanding of the industry and a keen eye for detail. As a Finance Editor, I'm responsible for overseeing the financial content produced by my team of writers. I work closely with them to ensure that our articles are accurate, insightful, and relevant to our readers. I'm committed to providing our readers with the information they need to make informed decisions about their finances.

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