3 - 5 minute read
After a temporary ban in Italy, OpenAI’s popular interactive AI chatbot, ChatGPT, has been reallowed to provide services in the region. The ban was imposed after the Italian data protection agency, Garante, suspected the AI chatbot of violating the European Union’s General Data Protection Regulation (GDPR) requirement.
ChatGPT’s data processing practices were questioned, and age-gating measures had to be implemented along with other legal requirements. The temporary ban was a response to a data breach that ChatGPT suffered on March 20, which led to the revelation of personal data for 1.2% of ChatGPT Plus users.
OpenAI’s CEO, Sam Altman, announced the reavailability of ChatGPT in Italy on April 29, exactly 29 days after the ban. However, Altman did not reveal the steps taken by the company to comply with the Italian regulator’s transparency demands, and the ban initially raised possibilities about a wave of AI regulations.
We took ChatGPT offline Monday to fix a bug in an open source library that allowed some users to see titles from other users’ chat history. Our investigation has also found that 1.2% of ChatGPT Plus users might have had personal data revealed to another user. 1/2
— OpenAI (@OpenAI) March 24, 2023
The willingness of ChatGPT to swiftly comply with local authorities is seen as an overall positive move, widely welcomed by its users globally. While European Union legislators are working on a new bill to keep a check on the explosive AI developments, high-risk tools like ChatGPT will not be banned entirely but subjected to stricter transparency requirements.
According to the bill, generative AI tools, including ChatGPT and Midjourney, will be subject to disclosing the use of copyrighted materials in AI training, if signed into law. Bitget, a cryptocurrency exchange, pledged $10M for Fetch.ai ecosystem amid ChatGPT boom.
we’re excited chatgpt is available in 🇮🇹 again!
— Sam Altman (@sama) April 28, 2023
The implications of the reavailability of ChatGPT in Italy can have a significant impact on the AI market. Traders need to keep a close eye on the developments in AI regulations and their impact on specific AI tools. The potential opportunities and risks for traders depend on the transparency requirements that AI tools have to comply with in individual regions.
The Bottom Line
The reallowance of ChatGPT in Italy after addressing the privacy concerns raised by the region’s data protection agency, Garante, is seen as an overall positive move, widely welcomed by its users globally. However, traders need to keep a close eye on the developments in AI regulations and their impact on specific AI tools. The potential opportunities and risks for traders depend on the transparency requirements that AI tools have to comply with in individual regions.
