OpenAI has launched ChatGPT Enterprise, a new version of their AI chatbot specifically designed for businesses. This version offers enterprise-grade security, unlimited high-speed GPT-4 access, extended context windows, and more. OpenAI aims to onboard as many enterprises as possible in the coming weeks. This new release comes as OpenAI has been struggling to monetize its ChatGPT and reach profitability. The company spends over $700,000 daily on electricity and computing power to handle user requests. Despite the adoption of ChatGPT by 80% of Fortune 500 companies, OpenAI’s revenue for 2022 is only $30 million. Additionally, Similarweb reports a 9.7% decrease in traffic between May and June. To avoid potential financial troubles, OpenAI is hoping that the launch of ChatGPT Enterprise will help generate more revenue and secure the company’s future.
Increased Performance and Enhanced Privacy
ChatGPT Enterprise, which was announced earlier in 2022 through a blog post, has similar capabilities to ChatGPT. It can perform tasks such as writing emails, drafting essays, or debugging code. However, by choosing this edition, businesses will also benefit from privacy features. OpenAI assures that its models will not be trained on the data sent to the chatbot, and usage data will not be exploited. Additionally, conversations are encrypted at rest and in transit. Improved performance and customization options are also part of the package. Therefore, ChatGPT Enterprise directly competes with Microsoft’s recently launched Bing Chat Enterprise, a chatbot service for businesses.
A business-friendly administration console
Users can access a new administration console that provides tools for managing how employees within the organization use ChatGPT. This console includes integrations for single sign-on, domain verification, and a dashboard for usage statistics. Additionally, shareable conversation templates allow employees to build internal workflows using ChatGPT. If desired, companies can also use credits for OpenAI’s API platform to create custom solutions based on ChatGPT.
A comprehensive data analytics solution
Formerly known as Code Interpreter, the Advanced Data Analysis tool is now included in ChatGPT Enterprise. It allows for data analysis, graph creation, problem-solving, and much more. For instance, you can upload a file and give ChatGPT a prompt like “tell me what’s interesting about this data.” The chatbot will then explore the data to find relevant and actionable insights.
Twice as Fast as GPT-4
According to OpenAI, ChatGPT Enterprise is an enhanced version of ChatGPT Plus and is exclusively designed for organizations. It is built on the GPT-4 model and offers users prioritized access and twice the speed of the standard version of GPT-4. Additionally, the “context window” word limit is increased to approximately 25,000 words (32,000 tokens), allowing the model to retain more information from recent conversations.
How much does it cost and how to sign up? Pricing and availability
OpenAI has confirmed on its blog that they are taking another step forward towards an AI assistant for work that can help with any task, protect a company’s data, and be customized for their organization. The price for ChatGPT Enterprise is not mentioned and will depend on usage and specific use cases. If interested, individuals can contact OpenAI directly through their official website. OpenAI also has plans to launch ChatGPT Business for small and medium-sized enterprises in the future. They will also be adding more powerful versions of Advanced Data Analysis and additional features such as web searching capabilities and tools for data analysts, marketers, and customer service. A detailed roadmap will be revealed soon.