OpenAI unveils ChatGPT enterprise for businesses

OpenAI has announced a new enterprise version of ChatGPT aimed at business users. ChatGPT Enterprise is powered by GPT-4, OpenAI’s most powerful language model released yet. ChatGPT Enterprise looks to capitalize on the viral popularity of the AI chatbot by offering enhanced features tailored for organizations.

Enhanced Capabilities for Enterprise Needs

The enterprise edition provides upgraded capabilities optimized for business use cases. It can perform tasks like writing, drafting, and debugging code. ChatGPT Enterprise also enables “enterprise-grade” data privacy and analysis. It delivers improved performance and allows customization for specific organizational needs.

Unlimited Advanced Data Analysis

Unlimited access to Advanced Data Analysis is included, which was previously only in ChatGPT Plus. This feature allows both technical and non-technical teams to analyze information in seconds.

It can be used by financial researchers crunching market data, marketers analyzing surveys, data scientists debugging scripts, and more.

ChatGPT Enterprise provides an admin console for managing usage. It has integrations for single sign-on and domain verification. A dashboard offers usage statistics and metrics.

Shareable Templates Aid Workflows

Employees can create templates leveraging ChatGPT that encode internal workflows. These templates help teams build more efficient processes by automating repetitive tasks.

The enterprise version also includes unlimited access to Advanced Data Analysis. This feature analyzes data sets, generates charts, and solves complex math problems.

Powered by OpenAI’s Latest AI Architecture GPT-4

ChatGPT Enterprise runs on GPT-4, OpenAI’s newest natural language model. Enterprise customers get priority access to unlimited, fast GPT-4.

• Provides unlimited, high-speed access to GPT-4 without any usage caps.
• Performance is up to 2x faster compared to regular ChatGPT.
• Has a 32k token context window to process 4x longer text inputs.
• Gives unlimited access to advanced data analysis features like Code Interpreter.
• Enables analysis of information within seconds for technical and non-technical teams.
• Useful for financial researchers analyzing market data.
• Helps marketers gain insights from survey results.
• Allows data scientists to debug ETL scripts faster.
• Can create shared chat templates to customize workflows for the organization.
• Includes credits for OpenAI API to build fully custom solutions integrated with ChatGPT.

Security and Privacy Assurances

OpenAI states that ChatGPT Enterprise involves no training on customers’ private business data. Conversations are encrypted both in transit and at rest.

These assurances provide confidence for regulated industries to deploy ChatGPT securely within their organizations.

Revenue Goals Drive Product Rollout

OpenAI spent over $500 million developing ChatGPT. Operating costs are $700,000 daily. But revenue was just $30 million in 2022.

The company aims to generate $200 million this year and $1 billion in 2024. ChatGPT Enterprise will be key for achieving these goals.

More Options Targeting Organizations Planned

Future plans include launching ChatGPT Business for smaller teams. OpenAI also aims to enable integration with third-party apps.

Additional “enterprise-grade” features like advanced web browsing may arrive later. Expect solutions tailored for data analysts, marketers, customer support, and other roles too.

Now Available, Ongoing Improvements and Features Coming

OpenAI stated in the blog post that they are in the process of developing further features for ChatGPT Enterprise, some of which are outlined below:

• Customization: Securely extend ChatGPT’s knowledge with your company data by connecting existing applications
• Availability: Self-serve offering for teams of all sizes
• Power tools: More advanced data analysis and browsing optimized for work
• Role-based solutions: More role-specific tools for data analysts, marketers, customer support, etc.

ChatGPT Enterprise is now available for interested businesses. OpenAI will be onboarding enterprises over the coming weeks.The company plans ongoing improvements based on customer feedback. A detailed roadmap outlines the evolution of capabilities over time.

ChatGPT Enterprise is a powerful tool that can be used to improve a variety of business processes. If you are looking for a way to automate tasks, improve efficiency, and reduce costs, ChatGPT Enterprise is a good option to consider.

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