"Payment industry staff must comply with laws and rules when
using tools such as ChatGPT, and should not upload confidential
information related to the country and the finance industry,"
the Payment & Clearing Association of China said in a statement
on Monday. The association is governed by the China's central
bank.
OpenAI has kept its artificial intelligence-powered chatbot
off-limits to users in China, but the app is attracting huge
interest in there, with firms rushing to integrate the
technology into their products and launch rival solutions.
While residents in China are unable to create OpenAI accounts, virtual private networks and foreign phone numbers are helping some bypass those restrictions to access the chatbox. Italy has temporarily banned ChatGPT and launched a probe over suspected breaches of privacy rules. Some European countries were studying whether stronger measures were needed. Excitement in China over the chatbot has helped to fuel a rally in tech, media and telecom (TMT) shares, with analysts cautioning bubble risks. Economic Daily, a Chinese state media outlet, published a commentary on Monday urging regulators to step up supervision and crackdown on speculation in the sector.
Chinese shares in computer , media and communications equipment tumbled between 3.4% and 5.6% on Monday.
(Reporting by Jason Xue, Brenda Goh in Shanghai, Albee Zhang in Beijing; Editing by Toby Chopra & Simon Cameron-Moore)
