Mizuho, one of Japan’s largest banks, will allow 45,000 employees to test OpenAI’s artificial intelligence tools. This move is significant for both the banking and AI industries. The employees from Mizuho’s core lending unit will have access to the tool through Azure OpenAI, and one potential use is to serve as a reference point for the bank’s internal rules and processes. This is in contrast to North American banks, which are imposing restrictions on the use of AI tools. Other Japanese financial giants, such as Daiwa Securities Group and Mitsubishi UFJ Financial Group, have also embraced AI. However, Wall Street banks are cracking down on the use of ChatGPT, a similar AI tool. While Mizuho is incorporating OpenAI’s tool, Japan’s privacy watchdog has issued a warning.
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