Chatbots like ChatGPT are Large Language Models (LLMs), a type of artificial intelligence known as “generative AI.” Generative AI refers to algorithms that, after training on massive amounts of input data, can create new outputs, be they text, audio, images or video. The same technology fuels applications like Midjourney and DALL-E 2 that produce synthetic digital imagery, including “deepfakes.”

Powered by the language model Generative Pretrained Transformer 3 (GPT-3), ChatGPT is one of today’s largest and most powerful LLMs. It was developed by San Francisco-based startup OpenAI—the brains behind DALL-E 2—with backing from Microsoft and other investors, and was trained on over 45 terabytes of text from multiple sources including Wikipedia, raw webpage data and books to produce human-like responses to natural language inputs.

…This is a quickly developing area, and new legal and business dangers—and opportunities—will arise as the technology advances and use cases emerge. Government, business and society can take the early learnings from the explosive popularity of generative AI to develop guardrails to protect against their worst behavior and use cases before this technology pervades all facets of commerce. To that end, businesses should be aware of the following top 10 risks and how to address them.

Read more:

Ferraro, M., et al. (2023, February 28). Ten Legal and Business Risks of Chatbots and Generative AI. TechPolicy.press. https://www.techpolicy.press/ten-legal-and-business-risks-of-chatbots-and-generative-ai/