The RSA Conference 2023 highlighted the implications of OpenAI’s GPT-4 language model, which can be used for malicious purposes like generating disinformation and creating social engineering schemes as well as for positive cybersecurity use. OpenAI Playground is a platform for users to explore and utilize OpenAI models for cybersecurity. Tech companies have already announced their integration of OpenAI into their products; for example, Microsoft’s Security Copilot is powered by the GPT-4 model.
ChatGPT, which is derived from OpenAI, has been introduced and introduced the possibility of AI-generated phishing scams and cyber-attacks. Cybersecurity professionals must have the tools to detect and defend against such scams while training other employees in cybersecurity awareness. Additionally, stricter regulations regarding the use of AI in such scenarios are advocated.
As such, the advent of ChatGPT can both be a boon and a bane to cybersecurity ETFs as these stocks will likely gain traction with its launch. ETFs such as the ETFMG Prime Cyber Security Fund (HACK), the First Trust NASDAQ Cybersecurity ETF (CIBR), the iShares Cybersecurity and Tech ETF (IHAK), and the WisdomTree Cybersecurity Fund (WCBR) are now especially attractive investments, even though they have dropped 2.9-4.4% in the previous month.
Microsoft, the company mentioned in this article, is an established American multinational technology company that produces a series of products, services, and software centered around personal computing as well as cloud computing. They also have a focus on cybersecurity, as is demonstrated by their product Security Copilot, which is powered by the GPT-4 model.
Biden Administration, the person mentioned in this article, is the current presidential administration in the United States. They recently released the ‘Blueprint for an AI Bill of Rights’, in order to provide greater oversight of AI usage in cybersecurity scenarios. This is especially pertinent following the advent of ChatGPT and launch of OpenAI’s GPT-4 model.
