OpenAI launches ChatGPT Enterprise: What you need to know

OpenAI has unveiled ChatGPT Enterprise, a tailored edition of its renowned ChatGPT tool, designed specifically for business applications.

As the adoption of AI continues to surge within corporations, this move is aimed at meeting the increasing demand.

OpenAI's recent blog post introduces this new service, highlighting its focus on "enterprise-grade security and privacy" alongside a highly optimized iteration of ChatGPT tailored to suit business requirements.

This strategic initiative aligns with OpenAI's overarching vision to boost workplace productivity and creativity through AI while upholding stringent data protection standards.

What

• OpenAI emphasizes that with ChatGPT Enterprise, businesses retain full control over their data.

• The service places a strong emphasis on security and holds SOC 2 compliance, ensuring that conversations are encrypted both during transmission and storage.

• An all-new admin console facilitates team management, offering features like domain verification, single sign-on (SSO), and comprehensive usage insights.

• Usage limitations are removed in ChatGPT Enterprise, which also boasts a speed enhancement of up to two times.
  It now supports 32k context, allowing for the processing of inputs or files that are four times longer.

• Unlimited access to advanced data analysis, previously referred to as Code Interpreter, is a standout feature.
• This capability accelerates information analysis, catering to both technical and non-technical teams, including financial researchers analyzing intricate market data.
• OpenAI asserts that ChatGPT Enterprise has effectively reduced daily research time by an average of one hour. This service is now accessible to smaller business teams, addressing their unique needs.

OpenAI and industry adoption

• Noteworthy industry players like Fintech startup Block, cosmetics giant Estee Lauder Companies, and professional services firm PwC are early adopters of ChatGPT Enterprise, according to OpenAI.
• The eagerly anticipated launch coincides with OpenAI's disclosure that over 80% of Fortune 500 companies' employees have embraced ChatGPT since its public release last year.
• This is based on an analysis of accounts linked to corporate email domains.

• Prior to the introduction of ChatGPT Enterprise, certain companies, including JPMorgan Chase, had temporarily restricted the use of the tool within workplaces due to privacy and security concerns.

OpenAI emphasizes that its models are not trained on business data or discussions, effectively mitigating the risk of sensitive information being generated elsewhere.

While specific pricing details are not disclosed publicly, OpenAI encourages potential business clients to engage with their sales team for comprehensive information.