JPMorgan limits traders' use of ChatGPT amid regulatory concerns about financial information, report says

• JPMorgan has restricted the use of ChatGPT among its staff, according to the Telegraph. 
• The bank is worried that the chatbot could share financial information that could lead to regulatory action, the report said.
• The crackdown wasn't triggered by a particular event, but a normal procedure for third-party software, Bloomberg reported. 

JPMorgan has limited employees' use of the viral language tool ChatGPT, according to reports, as Wall Street eyes potential risks from artificial intelligence.

The Telegraph first reported that ChatGPT's use was curbed among traders due to concerns about regulatory action related to sensitive financial information being shared with the chatbot.