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5% of Finance Questions Miscalculated by ChatGPT: Expert Advises Caution
- A recent study revealed that ChatGPT fails 35% of finance questions, sparking concerns about its reliability as a financial advisor.
- Many U.S. adults have become overly dependent on ChatGPT for work-related guidance, indicating a reliance on AI for important matters.
- Indusface, an application security firm, explored the over-sharing of personal and professional data with Large Language Models (LLMs), urging caution.
- Common mistakes include sharing work files like reports and presentations with ChatGPT, with 11% being strictly confidential data.
- Passwords and access credentials should not be shared with LLMs, as they lack a focus on confidentiality and may retain sensitive information.
- Sharing personal details such as name, address, and photos can make individuals vulnerable to fraud and deepfake creation, potentially leading to reputation damage.
- AI literacy is crucial to mitigate risks associated with sharing personal and professional information with LLMs.
- While LLMs can help in explaining financial topics, they are not ideal for business financial decisions due to their limitations in numerical literacy.
- Sharing company codebases with AI platforms can pose security risks by exposing intellectual property and trade secrets to external entities.
- It is advised to be cautious and avoid sharing sensitive information with AI models like ChatGPT to prevent potential risks and breaches.
- Proper understanding and education about AI applications are essential for businesses to navigate the challenges posed by technology advancements.
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