2 - 4 minute read
Samsung Electronics Co. has recently joined the list of major global companies that have restricted or banned the use of generative artificial intelligence (AI) tools among their employees. According to a Bloomberg report, the company will be banning the use of generative AI tools, such as ChatGPT, among its employees due to security risks. This new policy comes after Samsung staff uploaded a “sensitive code” to the platform.
The company has expressed concerns about the data sent to AI platforms and its potential to be stored on external servers with little control to retrieve or erase. Therefore, Samsung has temporarily restricted the use of generative AI tools until security measures are in place. This entails a ban on the use of generative AI tools on Samsung-owned computers, tablets, and phones as well as on its internal networks. Additionally, any employees who use such tools on personal devices were asked not to submit any company information or risk disciplinary action.
In April, Samsung conducted an internal survey regarding the usage of generative AI tools, in which 65% of respondents believed the technology poses a security risk. This move is not new for major global companies as others such as JPMorgan, Bank of America, Goldman Sachs, and Citigroup have already restricted or banned the usage of such tools.
“HQ is reviewing security measures to create a secure environment for safely using generative AI to enhance employees’ productivity and efficiency.”
However, many of these same companies are in the process of developing their own AI tools. JPMorgan created a ChatGPT-based tool that analyzes statements from the Federal Reserve to decipher trading signals. Samsung is also working on an AI tool for translation and summarizing documents.
The Bottom Line
The ban on generative AI tools by Samsung Electronics Co. highlights the growing security concerns surrounding the technology and its potential to store sensitive data on external servers with little control to retrieve or erase. This move is not new for major global companies as others have already restricted or banned the usage of such tools. Traders should keep an eye on the development of AI tools by companies such as JPMorgan and Samsung, as they may provide potential opportunities or risks in the future market moves.
