Per CNBC
Samsung rules ChatGPT and other AI tool ban for employees after it found the chatbot being misused
5/3/2023
Samsung is becoming more cautious about the use of AI tools like ChatGPT. Now, the company is banning its employees from using AI tools due to its findings that the services were being misused.
The restriction was towards using what was referred to as "generative artificial intelligence tools" like ChatGPT. The South Korean giant clarified to CNBC that the ban was just temporary.
The news was released in a memo from Samsung to its biggest divisions at the end of April. Per Bloomberg, it was noted that Samsung employees "uploaded sensitive code to ChatGPT.
In a survey conducted by Samsung last month, it was found that 65% of respondents' concerns regarding generative AI services included their fear of security risks.
Samsung joins other companies in restricting their employees from accessing ChatGPT. Some of these companies included JPMorgan, one of the largest investment banks in the US.
Amazon also gave a warning to its employees earlier this year against uploading confidential information to ChatGPT. This included uploading code to the AI chatbot.
However, other companies like Goldman Sachs already had their software developers use generative AI in order to assist with code generation. Samsung is still searching for ways for AI to be used to help improve the productivity and efficiency of its employees in a safe manner.
Recently, Samsung saw its operating profit drop by over 95% in the past three months ending in March. This resulted in the South Korean giant's lowest profit output since 2009.
The company's operating profit fell by 19%, reaching $47.9 billion. Due to this, the company decided to start a "meaningful" production cut, following some of its competitors, as memory chips saw a significant drop in demand.
It was noted that after announcing the news of its plans to scale down, the market reacted positively to its decision.
See flow at unusualwhales.com/flow.
Other News:
- Samsung's operating profit dropped over 95% for the three months ending in March, resulting in the lowest profit output since 2009
- Samsung to start a "meaningful" production cut after it earlier reported a 95% drop in Q1.
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