Banks need to do more to ensure responsible AI use

The hype around artificial intelligence (AI) has skyrocketed since the launch of ChatGPT, the chatbot from OpenAI. In just two months, ChatGPT was estimated to have reached 100 million monthly active users, with wide-ranging use cases including writing essays, debugging code and composing music. Such a leap in functionality and adoption prompted leading lights in the technology industry to call for a'pause' in the development of powerful AI systems. On March 22, the non-profit organisation Future of Life Institute published an open letter urging AI research facilities to put a stop to the creation of systems that can match human intelligence. More than 50,000 industry figures -- including CEO of SpaceX, Tesla and Twitter Elon Musk; Apple co-founder Steve Wozniak; and Chris Larsen, co-founder of Ripple -- have added their signatures to halt the training of models larger than GPT-4, the newest version of OpenAI's language model system.