Turns out big banks fear AI.
And JP Morgan isn't the only bank with a stance on ChatGPT. Prominent investment bank Morgan Stanley has also mulled over its capabilities and shortcomings.
"When we talk of high-accuracy task, it is worth mentioning that ChatGPT sometimes hallucinates and can generate answers that are seemingly convincing, but are actually wrong," Morgan Stanley analysts wrote in a note on Wednesday,However, unlike JP Morgan, the Stanley Morgan analysts may see some potential for the use of ChatGPT and other generative AI in a workplace — with some caveats, of course.
"At this stage, the best practice is for highly educated users to spot the mistakes and use Generative AI applications as an augmentation to existing labor rather than substitution," they wrote.ChatGPT exploded into the limelight after its public release at the end of November, becoming what's believed to be theSince it's free, seemingly anyone and everyone has given a shot at shooting the breeze with the bot and others like it.
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