OpenAI Unveils ChatGPT for Businesses, Stepping Up Revenue Push

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OpenAI Unveils ChatGPT for Businesses, Stepping Up Revenue Push
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The new version of its best-known product offers extra privacy safeguards, longer text prompts

Sam Altman, chief executive officer of OpenAI, during an event in Seoul, South Korea, on Friday, June 9, 2023. OpenAI is focused on building a better, faster and cheaper model of its generative AI ChatGPT product, Altman has said previously. The product made AI a buzzword and kicked off a global race among tech companies to build their own versions of the chatbot technology. , Bloomberg

The rollout of ChatGPT Enterprise is a move forward in OpenAI’s plans to make money from its ubiquitous chatbot, which is enormously popular but very expensive to operate because robust AI models require lots of computing power.

OpenAI worked with more than 20 companies, from small startups to larger firms, that had a range of experience with AI to test ChatGPT Enterprise, Lightcap said. Existing users include beauty company Estée Lauder Cos., design software maker Canva Inc. and automation platform Zapier Inc. Early customers of the product are tapping it for tasks like coding, helping with creative work and answering business questions, according to OpenAI.

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