Today, OpenAI announced the launch of ChatGPT Enterprise, a business-focused version of its popular chatbot, ChatGPT. With added features like advanced privacy settings, customized options, and a new admin console, the enterprise edition is designed to meet the demands of modern businesses.
While ChatGPT is already renowned for tasks like email writing, essay drafting, and code debugging, ChatGPT Enterprise goes a step further by offering "enterprise-grade" privacy and advanced data analysis capabilities. The new version aims to compete feature-wise with Microsoft's recently launched Bing Chat Enterprise.
The new edition comes with an admin console that includes tools for managing how employees use ChatGPT within an organization. Businesses can now integrate single sign-on, domain verification, and even customize ChatGPT-powered solutions through OpenAI’s API platform.
ChatGPT Enterprise offers unlimited access to Advanced Data Analysis, a feature that can analyze data, create charts, and generate insights from uploaded files. This was a feature previously only available to subscribers of ChatGPT Plus, the consumer-grade offering.
Both ChatGPT and ChatGPT Enterprise are powered by OpenAI's flagship model, GPT-4. However, enterprise customers will get priority access to GPT-4, which offers a performance twice as fast as standard GPT-4 and an expanded context window.
To alleviate business concerns about data privacy, OpenAI assures that all conversations within ChatGPT Enterprise are encrypted both in transit and at rest, and no business data sent to ChatGPT Enterprise will be used for model training.
Despite the popularity of ChatGPT, OpenAI faces financial pressures, having reportedly spent over $540 million last year on its development. With only $30 million in revenue for the fiscal year 2022, OpenAI aims to boost its income by targeting the enterprise market.
With new features and enterprise-grade capabilities, ChatGPT Enterprise appears to be a robust solution for modern businesses. OpenAI's aggressive push into the enterprise market signifies the company's strategy to monetize its AI offerings more effectively. Whether this new initiative helps OpenAI meet its ambitious financial goals remains to be seen.