Citigroup and Goldman Sachs Impose ChatGPT Restrictions: What You Need to Know

Citigroup and Goldman Sachs are restricting use of ChatGPT by employees, according to reports on Friday. The financial giants are taking steps to protect sensitive information and maintain compliance standards in the evolving landscape of AI. Now, Citigroup and Goldman Sachs have joined JP Morgan in imposing ChatGPT restrictions. Bloomberg notes that the two banks have implanted those restrictions.

Citigroup blocked access to the chatbot as part of restrictions. This move highlights growing concerns about the potential risks associated with sharing confidential data with external AI platforms. CitiGroup, Bank of America, Deutsche Bank, Goldman Sachs and Wells Fargo have restricted employees’ use of ChatGPT, joining JPMorgan Chase, as well as Amazon and multiple major companies in limiting or prohibiting the use of the AI chatbot.

Bank of America Corp, Citigroup Inc, Deutsche Bank AG, Goldman Sachs Group Inc. and Wells Fargo & Co. are among lenders that have recently banned usage of the tool. This widespread adoption of restrictions across the financial industry demonstrates a proactive approach to managing the challenges and opportunities presented by AI technologies like ChatGPT. Stay informed about the latest developments in AI compliance and security within the finance sector.