Tag: Regulatory Compliance

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Italy Lifts ChatGPT Ban Following Privacy Concerns

OpenAI, a Microsoft-backed Artificial Intelligence (AI) research and development lab, has resolved a temporary suspension of its popular chatbot, ChatGPT, in Italy. Garante had objected to the age limitations set by OpenAI as well as provided greater visibility of its user content opt-out rules. Detailed personal information from users is now required to exercise their right to privacy. EU users can now switch "Chat History & Training" to chat “incognito”. Garante is satisfied with OpenAI's compliance with the regulations.

ChatGPT and Generative AI in Banking: Exploring the Reality, Excesses of Hype, What’s Next, and How to Prepare

Transform banking with ChatGPT, OpenAI's revolutionary generative AI technology. It can be used for fraud detection, customizing offers, automating virtual attending, and developing automated wealth management plans. Discover this powerful technology and what it could mean for banking with our report.

ChatGPT: Leads the Way for AI-driven Data in Europe

. The European Data Protection Board (EDPB) has created a task force to help countries use OpenAI's AI chatbot ChatGPT while abiding by data privacy laws. OpenAI's mission is to make AI accessible by developing natural language processing models. Across different industries, ChatGPT is a powerful tool to answer questions posed in different parameters. The task force will ensure ChatGPT meets the legal requirements of its users while still being used successfully. The EDPB will oversee OpenAI's GDPR compliance. This task force serves as an example for countries to understand and protect user data responsibly.

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