Central Bank of Ireland blocks ChatGPT for staff as financial services firms grapple with AI

Three main retail banks reviewing whether to allow the use of the technology, which can generate text based on a prompt from a user, amid fears it can make mistakes when writing presentations or documents

ChatGPT has become an internet phenomenon in recent months, reaching 100 million users in the two months after launching.

Central Bank of Ireland officials are blocked from using ChatGPT, the artificial intelligence (AI) chatbot that can write text and generate reports based on prompts, under the regulator's cyber security rules.

ChatGPT is an AI tool which can generate text and create images based on vast amounts of data from the internet, books and articles – all of which have been written by humans.

AIB, Permanent TSB and Bank of Ireland, the three main retail ...