Key Points:
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.
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