Firstly, privacy is a major concern when it comes to the use of ChatGPT. In order to enhance its responses, the model gathers data from users — but this data may contain sensitive information that individuals may not want to divulge to a central authority. For instance, if a user discloses to ChatGPT their financial or medical history, this information may be kept and used in ways they did not expect or authorize. If the information is obtained by unauthorized parties, it may result in privacy violations or even identity theft.
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Source: Cryptocurrency - investing.com