Tech giant Apple (NASDAQ:AAPL) has restricted the use of OpenAI’s ChatGPT and other external artificial intelligence (AI) tools for some employees due to concerns that they might leak confidential data, as the company is developing similar technology, the Wall Street Journal reported.
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Apple has also asked its employees not to use Microsoft (MSFT)-owned GitHub’s Copilot, which helps developers write software code. Apple’s move comes amid growing concerns about how ChatGPT and other AI tools leverage enormous user data to enhance or “train” their AI offering.
Earlier this month, Samsung Electronics (GB:SMSN) temporarily restricted employees from using generative AI tools after some workers accidentally uploaded sensitive code to ChatGPT. Other companies, including JPMorgan Chase (JPM) and Verizon Communications (VZ), have also imposed similar restrictions regarding the use of ChatGPT to prevent the leak of confidential data.
In March, Microsoft-backed OpenAI said that it temporarily took ChatGPT offline, citing a bug in an open-source library that allowed some users to see titles from another active user’s chat history. Last month, OpenAI rolled out new controls that allow users to turn off their chat history in ChatGPT. These new controls help users manage their data in ChatGPT and choose which conversations can be used to train OpenAI’s large language models.
On Thursday, OpenAI announced a ChatGPT app for the iPhone and iPad. The company has started the roll-out for iOS in the U.S. and intends to expand to additional countries in the coming weeks.
What is the Price Target for Apple Stock?
Wall Street’s Strong Buy rating on Apple is based on 23 Buys, four Holds, and one Sell. The average price target of $182.56 suggests 4.3% upside. Shares have rallied nearly 35% so far in 2023.
