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News

Samsung’s AI Restriction Stuns Employees: Can’t Use ChatGPT-Like Tools

May 2, 2023 - Around 2 mins mins to read

Key Points:

  • Samsung bans employees from using generative AI tools, including ChatGPT, due to security risks.
  • The company is concerned about the data sent to AI platforms, which could potentially be stored on external servers with little control to retrieve or erase.
  • A recent internal survey by Samsung revealed that 65% of respondents believe that generative AI tools pose a security risk.
Samsung has become the latest organization to take a firm stance against the increasing use of generative artificial intelligence (AI) tools in various industries.
Samsung's AI Restriction Stuns Employees: Can't Use ChatGPT-Like Tools

According to a Bloomberg report on May 2, the company has decided to prohibit its employees from using such tools, including ChatGPT, due to security risks. The decision was made after a sensitive code was uploaded to the platform by Samsung staff.

An internal memo sent to employees stated that the company is concerned about the data sent to AI platforms, which could potentially be stored on external servers with little control to retrieve or erase. Until the security measures are in place, Samsung will temporarily restrict the use of generative AI, including a ban on using these tools on Samsung-owned devices and networks.

In addition, employees were warned against using these tools on personal devices for company information or face disciplinary action, including termination of employment. A recent internal survey conducted by Samsung revealed that 65% of respondents believed that generative AI tools pose a security risk.

Other major companies such as JPMorgan, Bank of America, Goldman Sachs, and Citigroup have also expressed concerns about the emerging technology and have either banned or restricted their employees from using ChatGPT and other similar tools. However, some of these companies are developing their own AI tools, such as JPMorgan’s ChatGPT-based tool for analyzing statements from the Federal Reserve to decipher trading signals and Samsung’s AI tool for translation and document summarization.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Samsung’s AI Restriction Stuns Employees: Can’t Use ChatGPT-Like Tools

Key Points:

  • Samsung bans employees from using generative AI tools, including ChatGPT, due to security risks.
  • The company is concerned about the data sent to AI platforms, which could potentially be stored on external servers with little control to retrieve or erase.
  • A recent internal survey by Samsung revealed that 65% of respondents believe that generative AI tools pose a security risk.
Samsung has become the latest organization to take a firm stance against the increasing use of generative artificial intelligence (AI) tools in various industries.
Samsung's AI Restriction Stuns Employees: Can't Use ChatGPT-Like Tools

According to a Bloomberg report on May 2, the company has decided to prohibit its employees from using such tools, including ChatGPT, due to security risks. The decision was made after a sensitive code was uploaded to the platform by Samsung staff.

An internal memo sent to employees stated that the company is concerned about the data sent to AI platforms, which could potentially be stored on external servers with little control to retrieve or erase. Until the security measures are in place, Samsung will temporarily restrict the use of generative AI, including a ban on using these tools on Samsung-owned devices and networks.

In addition, employees were warned against using these tools on personal devices for company information or face disciplinary action, including termination of employment. A recent internal survey conducted by Samsung revealed that 65% of respondents believed that generative AI tools pose a security risk.

Other major companies such as JPMorgan, Bank of America, Goldman Sachs, and Citigroup have also expressed concerns about the emerging technology and have either banned or restricted their employees from using ChatGPT and other similar tools. However, some of these companies are developing their own AI tools, such as JPMorgan’s ChatGPT-based tool for analyzing statements from the Federal Reserve to decipher trading signals and Samsung’s AI tool for translation and document summarization.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News