Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > European privacy watchdog creates ChatGPT task force
    Technology

    European privacy watchdog creates ChatGPT task force

    Published by Jessica Weisman-Pitts

    Posted on April 13, 2023

    2 min read

    Last updated: February 1, 2026

    This illustration features the ChatGPT logo, highlighting the formation of a task force by the European Data Protection Board to address privacy regulations surrounding AI technologies like ChatGPT.
    Illustration depicting ChatGPT logo amidst European privacy regulations - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Artificial Intelligencecomplianceprivacyfintech

    European privacy watchdog creates ChatGPT task force

    By Toby Sterling

    BRUSSELS (Reuters) -The body that unites Europe’s national privacy watchdogs said on Thursday it had set up a task force on ChatGPT, a potentially important first step toward a common policy on setting privacy rules on artificial intelligence.

    The move by the European Data Protection Board (EDPB) follows a unilateral move by Italy last month to curb ChatGPT – a stance that Germany’s commissioner for data protection said could be followed in Europe’s biggest economy. Spain’s AEPD watchdog said on Thursday that it too would launch a preliminary investigation into potential data breaches by ChatGPT.

    ChatGPT, an AI program that grabbed the public’s attention for its ability to write answers quickly to a wide range of queries, has grown to be the fastest-growing consumer application in history with more than 100 million monthly active users, while raising questions about threats it may pose to safety, privacy and jobs.

    Experts, U.S. government and several other European governments have also expressed concern about the rapid growth of adoption of ChatGPT and similar AI products.

    “The EDPB members discussed the recent enforcement action undertaken by the Italian data protection authority against OpenAI about the Chat GPT service,” the statement said.

    “The EDPB decided to launch a dedicated task force to foster cooperation and to exchange information on possible enforcement actions conducted by data protection authorities.”

    A source at one national watchdog who asked not to be identified because they were not authorized to speak to the media said member states hoped to align their policy positions but this would take time.

    The source said member states were not seeking to punish or make rules that will affect Microsoft Corp-backed ChatGPT owner OpenAI, but rather to create general policies that “are transparent.”

    They said attendees at Thursday’s meeting included policy experts who presented opinions and exchanged ideas, rather than being decision makers.

    The EDPB is an independent body that oversees data protection rules in the European Union, and it is composed of national data protection watchdogs.

    The organization could not immediately be reached for comment.

    The discussion of ChatGPT was added to the body’s agenda following a request from Spain to discuss the matter earlier this week.

    (Reporting by Toby Sterling; Editing by Alison Williams and David Holmes, Kirsten Donovan)

    Frequently Asked Questions about European privacy watchdog creates ChatGPT task force

    1What is the European Data Protection Board?

    The European Data Protection Board (EDPB) is an independent body that oversees data protection rules in the European Union, ensuring compliance with regulations like the General Data Protection Regulation (GDPR).

    2What is artificial intelligence?

    Artificial intelligence (AI) refers to the simulation of human intelligence processes by machines, especially computer systems, which can perform tasks such as learning, reasoning, and problem-solving.

    3What is data protection?

    Data protection involves safeguarding personal data from misuse, ensuring individuals' privacy rights are respected, and complying with legal frameworks like the GDPR.

    4What is compliance in finance?

    Compliance in finance refers to the process of adhering to laws, regulations, and guidelines that govern financial institutions and their operations.

    5What is privacy regulation?

    Privacy regulation encompasses laws and policies designed to protect individuals' personal information from unauthorized access, use, or disclosure.

    More from Technology

    Explore more articles in the Technology category

    Image for Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Image for Over half of organisations predict their OT environments will be targeted by cyber attacks
    Over half of organisations predict their OT environments will be targeted by cyber attacks
    Image for Engineering Financial Innovation in Renewable Energy and Climate Technology
    Engineering Financial Innovation in Renewable Energy and Climate Technology
    Image for Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Image for Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Image for In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    Image for Ballerine Launches Trusted Agentic Commerce Governance Platform
    Ballerine Launches Trusted Agentic Commerce Governance Platform
    Image for Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Image for The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    Image for Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    Navigating Data and AI Challenges in Payments: Expert Analysis by Himanshu Shah
    Image for Unified Namespace: A Practical 5-Step Approach to Scalable Data Architecture in Manufacturing
    Unified Namespace: A Practical 5-Step Approach to Scalable Data Architecture in Manufacturing
    Image for Designing AI Agents That Don’t Misbehave
    Designing AI Agents That Don’t Misbehave
    View All Technology Posts
    Previous Technology PostEU agrees chips subsidies plan, EU industry chief says
    Next Technology PostHow to Evaluate Platform Partners for Loyalty and Rewards Programs