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1
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· Posted on
February 21, 2024

Toss out your MBAs because OpenAI is suiting up with a ChatGPT Enterprise product

ChatGPT is launching an enterprise version that's tailored specifically for businesses.

What's the key learning?

  • Many businesses have discouraged their staff from using ChatGPT because of security risks, but the new enterprise version won't learn from private company usage.
  • The AI arms race of the business world is like watching a high-stakes poker game, except we're talking algorithms and neural networks as the chips.
  • The global enterprise AI market size was valued at USD 64.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 34.1% from 2022 to 2030.

👉 Background: ChatGPT needs no introduction these days. It's been a real saver for life hacks:

  • It can create recipes for the week
  • It can help build an itinerary for a holiday
  • It can even help with workout plans... and so much more

👉 What happened: Now, ChatGPT is launching an enterprise version that's tailored specifically for businesses. It's like normal ChatGPT in a business suit, holding a leather briefcase with all the world's knowledge.

👉 What else: Right now, many businesses have discouraged their staff from using ChatGPT because of security risks. ChatGPT is constantly learning, so sensitive company data could become an output for another person's search in the future. However, the new enterprise version won't learn from private company usage.

What's the key learning?

💡Welcome to the AI arms race of the business world. It's like watching a high-stakes poker game, except we're talking algorithms and neural networks as the chips.

💡The global enterprise AI market size was valued at USD 64.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 34.1% from 2022 to 2030. So it's no surprise that companies like OpenAI and Google are launching into workplaces.

💡And for businesses, Enterprise AI might become the most valuable addition since 3-day-old fruit in the office. We're talking about streamlining work, boosting productivity, and maybe even cutting costs... and jobs.

‍

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