Tag: Citigroup

Citigroup strategists have upgraded U.S. Equities and Tech sector from 'Underweight' to 'Neutral' due to advances in AI. It suggests that AI stocks will continue to be strong due to the Federal Reserve's monetary policy rate-hiking cycle and debt-ceiling deal. Nvidia's stock, which skyrocketed, could now become a trillion-dollar company.

JPMorgan kicked off the AI-progress in banks by filing for a ChatGPT trademark, as reported by CNBC. This tool utilizes AI to provide customers with investment advice and with other AI-driven initiatives, JPMorgan is on track for their $1 billion goal. However, despite the competition between tech giants, the bank still restricts 3rd-party software. ChatGPT is revolutionizing banking and will play a major part in the future.

Samsung Electronics has issued a ban on its staff from using generative AI tools like ChatGPT as a response to a data leak that occurred in April. Company is taking preventive steps for a secure work environment, thus forbidding the utilization of AI Platforms like ChatGPT on any corporate devices or internal networks. Suspension or dismissal may follow if these rules are broken. Italy has imposed restrictions, but recently is allowing the use of AI tools with certain permissions.

Samsung Electronics enforces a policy that imposes a ban on the use of popular AI tools, like ChatGPT, due to its staff's accidental leakage of confidential code. To prevent further data exposure, the South Korean tech giant requires employees to utilize on-site AI technologies. The regulation has become a major setback for the industry, causing a reminder of the importance of preserving tight security in the digital world.

Samsung has enacted strict regulations for its employees using Generative AI tools due to security and privacy concerns. Major banks, such as JPMorgan Chase & Co, Bank of America, and Citigroup, have imposed similar bans or restrictions on ChatGPT, a platform by OpenAI. Tech giants Microsoft, Alphabet and Samsung must also abide by the regulations to protect confidential data. Find out how these limits may affect your business.