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This article explores ethical issues raised by generative conversational AI systems like ChatGPT. It applies established approaches for analysing ethics of emerging technologies to undertake a systematic review of possible benefits and concerns. The methodology combines ethical issues identified by Anticipatory Technology Ethics, Ethical Impact Assessment, and Ethical Issues of Emerging ICT Applications with AI-specific issues from the literature. These are applied to analyse ChatGPT's capabilities to produce humanlike text and interact seamlessly. The analysis finds ChatGPT could provide high-level societal and ethical benefits. However, it also raises significant ethical concerns across social justice, individual autonomy, cultural identity, and environmental issues. Key high-impact concerns include responsibility, inclusion, social cohesion, autonomy, safety, bias, accountability, and environmental impacts …