ChatGPT comes with compliance caveats, experts warn
Artificial intelligence (AI) and machine learning (ML) tools can have many benefits, but risks have emerged as this new frontier of technology begins to take shape.
AI/ML tools can search through millions of bits of data to find new and previously unrecognized patterns. ML tools, in particular, can perform manual processes at blazing speed. Newly public AI-powered chatbots, like OpenAI’s ChatGPT, can write coherent blog posts, marketing copy, or new lines of computer code in seconds with a simple prompt.
But there are downsides to every new technology, and AI and ML are no exception. Understanding the unique risks posed by AI/ML tools—and planning for how to mitigate them—is (or soon will be) part of the job description for any serious compliance officer, experts discussed as part of a session at Compliance Week’s virtual Cyber Risk & Data Privacy Summit.