The New York TimesThe New York Times

The AI revolution is coming. But not as fast as some people think

By Steve Lohr

29 Aug 2023 · 5 min read

informed Summary

  1. JPMorgan Chase has blocked employee access to AI chatbot ChatGPT due to concerns over data leaks, usage, and accuracy of AI-generated responses. Instead, the bank has created a private network for a select group of data scientists and engineers to experiment with the technology.

Lori Beer, the global chief information officer of JPMorgan Chase, talks about the latest artificial intelligence with the enthusiasm of a convert. She refers to AI chatbots like ChatGPT, with its ability to produce everything from poetry to computer programs, as “transformative” and a “paradigm shift.”

But it’s not coming soon to the nation’s largest bank. JPMorgan has blocked access to ChatGPT from its computers and told its 300,000 workers not to put any bank information into the chatbot or other generative AI tools.

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