Business

OpenAI releasing version of ChatGPT for large businesses

 Artificial intelligence leader OpenAI said on Monday it is releasing a version of ChatGPT targeted to large businesses, increasing the overlap in what OpenAI and its financial backer Microsoft offer to customers.

ChatGPT Enterprise offers more security, privacy and higher-speed access to OpenAI’s technology, the company said. Early customers include Block, Carlyle and Estee Lauder Companies.

When OpenAI released the consumer-focused ChatGPT in November, it set off frenzied use of generative AI in daily tasks from writing to coding, and reached 100 million monthly active users in January.

Many people in the U.S. have used ChatGPT to help with work-related tasks, even though their employers discourage it.

With the launch of ChatGPT Enterprise, OpenAI hopes employers will feel comfortable embracing ChatGPT usage at work.

Microsoft already offers businesses access to ChatGPT via its Azure OpenAI Service, though in order to use it businesses must be a customer of Azure, Microsoft’s cloud computing platform.

ChatGPT Enterprise subscribers need not subscribe to Azure, OpenAI said. OpenAI and Microsoft have introduced overlapping services before, and it is unclear how much the two companies are competing over customers.

Asked whether ChatGPT Enterprise competes with Microsoft over customers, an OpenAI spokesperson said that “customers can choose which platform is right for their business.”

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

What to do about energy sector reforms when governance incentives are the problem?

In countries where electricity outages and “load shedding” are a regular feature of life and…

4 days ago

Sector-targeted Skills Development as Industrial Policy

Today’s blog is a background note I prepared for a forthcoming Policy Research Report on…

4 days ago

How AI and machine learning can predict and explain social risks for more effective development operations

At the time when the Government of South Africa approached the World Bank’s Disaster Risk Financing…

4 days ago

Middle East institutional investors to increase allocations in private markets

US asset manager Nuveen indicates investors are looking for diversification outside of developed markets. Middle…

4 days ago

Mapping the contours of Chinese policy transmission at home and abroad

China’s place within international trade networks and global supply chains makes the propagation of Chinese…

4 days ago

From AI investment to GDP growth: An ecosystem view

Forecasts on the economic impacts of artificial intelligence diverge sharply. This column assesses how the…

4 days ago