OpenAI introduces business version of ChatGPT.

OpenAI introduces business version of ChatGPT.

ChatGPT Enterprise: Revolutionizing Business Communication with AI

ChatGPT Enterprise

No one could have predicted in October 2022 that artificial intelligence (AI) would soon revolutionize the world. However, on November 30, 2022, OpenAI launched ChatGPT, marking a significant turning point. Fast forward to today, and AI is omnipresent. OpenAI has now unveiled ChatGPT Enterprise, an upgraded version of its popular AI chatbot tailored specifically for businesses.

ChatGPT Enterprise brings heightened security, privacy, and a host of powerful features designed to meet the needs of businesses. With the introduction of this enterprise-grade edition, OpenAI aims to cater to the growing demand for a secure and efficient AI assistant in the workplace.

One of the primary enhancements in ChatGPT Enterprise is its emphasis on security and privacy. Businesses using this version will have full control over their data, ensuring it doesn’t include training on business-specific conversations. Interactions are encrypted, and the platform meets the System and Organization Controls (SOC) 2 compliance, a privacy standard in line with Certified Public Accountants (CPA).

Moreover, ChatGPT Enterprise guarantees the encryption of all conversations in transit using Transport Layer Security (TLS) 1.2+ and at rest with Advanced Encryption Standard (AES) 256. The revamped admin console provides additional control over team members through domain verification, Single Sign-on (SSO), and comprehensive usage reporting.

In terms of performance, ChatGPT Enterprise offers faster response times, delivering responses up to twice as fast as before. It can handle longer inputs and files of up to 32K tokens, allowing users to input queries four times larger than its previous iteration. Featuring the latest large language model (LLM), GPT-4, the system expands its capabilities and offers an improved user experience.

Beyond improved security and performance, ChatGPT Enterprise provides unlimited access to advanced data analysis tools. Users can build applications around ChatGPT and benefit from shareable chat templates, enabling the creation of common workflows within companies. For more advanced users with programming skills, ChatGPT Enterprise offers free credits to utilize OpenAI’s Application Programming Interfaces (API) and develop custom AI programs.

Since its introduction just nine months ago, ChatGPT has experienced rapid adoption, with over 80% of Fortune 500 companies integrating it into their daily operations, according to OpenAI. The release of ChatGPT Enterprise addresses the growing demand for a secure and efficient AI assistant in the workplace while aligning OpenAI with its investors’ expectations for profitability. Microsoft, for example, has invested a significant $10 billion in OpenAI. Additionally, OpenAI closed a share sale worth $300 million in April, with investments from notable firms such as Sequoia Capital and Andreessen Horowitz.

While OpenAI hasn’t disclosed specific pricing details, the availability of ChatGPT Enterprise is accompanied by the requirement to speak with a sales representative to obtain pricing information. Nonetheless, companies such as The Estée Lauder Companies, PwC, and Zapier have already embraced ChatGPT to simplify communication, accelerate coding tasks, explore answers to complex business questions, facilitate creative work, and much more.

The introduction of ChatGPT Enterprise marks the beginning of a new era in business communication, leveraging the power of AI to enhance productivity and efficiency. As companies consider adopting this cutting-edge technology, the excitement and curiosity surrounding pricing and functionality continue to grow. OpenAI’s ambitious endeavor with ChatGPT Enterprise is set to reshape the way businesses engage with AI, bringing immense potential for growth and innovation.