Microsoft Corporation msft Shares Tumble Following Dutch Privacy Watchdog's Ai Data Usage Concerns

Microsoft Corporation (MSFT) Shares Tumble Following Dutch Privacy Watchdog’s AI Data Usage Concerns

Shares of Microsoft Corporation (NASDAQ: MSFT) drop over 3% on Wednesday as a Dutch privacy watchdog expresses concerns about AI Data usage.

In a recent development, the Dutch Data Protection Authority (DPA) has expressed concerns regarding the use of personal data by software developers working on artificial intelligence (AI). The DPA has taken action by sending a letter to OpenAI, a company supported by Microsoft, seeking further information on this matter.

Governments, including the European Union, have been considering the need for regulations surrounding this technology ever since OpenAI’s ChatGPT emerged as the fastest-growing consumer application in history.

“The DPA is concerned about how organizations that make use of so-called ‘generative’ artificial intelligence treat personal information,” the agency said.

The agency has stated that it will be taking a series of actions in the future, and its first step is seeking clarification from OpenAI through the aforementioned letter.

The DPA seeks to gather information about the data acquisition methods employed by OpenAI during the software’s development, as well as the data storage practices, including details on information obtained from user inquiries.

The growing concerns revolve around the potential misuse of AI technology. There are worries that bad actors and even governments could exploit it to generate a significant amount of disinformation, surpassing previous levels.