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ChatGPT turns to business as popularity wanes

by AFP Staff Writers
San Francisco (AFP) Aug 28, 2023
OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut.

ChatGPT Enterprise will offer business customers a premium version of the bot, with "enterprise grade" security and privacy enhancements from previous versions, OpenAI said in a blog post.

The question of data security has become an important one for OpenAI, with major companies, including Apple, Amazon and Samsung, blocking employees from using ChatGPT out of fear that sensitive information will be divulged.

"Today marks another step towards an AI assistant for work that helps with any task, is customized for your organization, and that protects your company data," OpenAI said.

The ChatGPT business version resembles Bing Chat Enterprise, an offering by Microsoft, which uses the same OpenAI technology through a major partnership.

ChatGPT Enterprise will be powered by GPT-4, OpenAI's highest performing model, much like ChatGPT Plus, the company's subscription version for individuals, but business customers will have special perks, including better speed.

"We believe AI can assist and elevate every aspect of our working lives and make teams more creative and productive," the company said.

It added that companies including Carlyle, The Estee Lauder Companies and PwC were already early adopters of ChatGPT Enterprise.

The release came as ChatGPT is struggling to maintain the excitement that made it the world's fastest downloaded app in the weeks after its release.

That distinction was taken over last month by Threads, the Twitter rival from Facebook-owner Meta.

According to analytics company Similarweb, ChatGPT traffic dropped by nearly 10 percent in June and again in July, falls that could be attributed to school summer break, it said.

Similarweb estimates that roughly one quarter of ChatGPT's users worldwide fall in the 18-24 demographic.

OpenAI is also facing pushback from news publishers and other platforms -- including X, as Twitter is now known, and Reddit -- that are now blocking OpenAI web crawlers from mining their data for AI model training.

A pair of studies by pollster Pew Research Center released on Monday also pointed to doubts about AI and ChatGPT in particular.

Two-thirds of the US-based respondents who had heard of ChatGPT say their main concern is that the government will not go far enough in regulating its use.

The research also found that the use of ChatGPT for learning and work tasks has ticked up from 12 percent of those who had heard of ChatGPT in March to 16 percent in July.

Pew also reported that 52 percent of Americans say they feel more concerned than excited about the increased use of artificial intelligence.


Artificial Intelligence Analysis

Defense Industry Analyst:

8/10

This article provides insight into the advancement of OpenAIs ChatGPT as it moves to a business model in order to provide enhanced security and privacy protections for its customers. The introduction of the ChatGPT Enterprise product demonstrates OpenAIs commitment to the defense industry, as major companies have been blocking employees from using the chatbot due to security concerns. The correlation between the introduction of the ChatGPT Enterprise and the decline in ChatGPT usership reveals the importance of meeting customer demands in the defense industry.

Stock Market Analyst:

7/10

This article provides insight into the financial implications of OpenAIs ChatGPT and its transition to a business model. The article suggests that the introduction of the ChatGPT Enterprise could potentially help the company in regaining usership and improve their financial performance. Additionally, the partnership with Microsoft and the adoption of GPT-4 technology demonstrates OpenAIs commitment to innovation and could potentially have a positive impact on their stock performance.

General Industry Analyst:

8/10

This article provides insight into the advancement of OpenAIs ChatGPT as it moves to a business model in order to provide enhanced security and privacy protections for its customers. The introduction of the ChatGPT Enterprise product demonstrates OpenAIs commitment to the industry, as major companies have been blocking employees from using the chatbot due to security concerns. Additionally, the partnership with Microsoft and the adoption of GPT-4 technology demonstrates OpenAIs commitment to innovation and could potentially have a positive impact on their stock performance.

Analyst

Summary

:

OpenAI recently launched ChatGPT Enterprise, a business version of its artificial intelligence sensation, to provide enhanced security and privacy protections for customers. This move demonstrates OpenAIs commitment to the defense industry, as major companies have been blocking employees from using the chatbot due to security concerns. The introduction of the ChatGPT Enterprise could potentially help the company in regaining usership and improve their financial performance, as evidenced by the partnership with Microsoft and the adoption of GPT-4 technology. The move also reflects the progress of the space and defense industry over the past 25 years, as increased security and privacy protections in the industry have become increasingly important.

Investigative

Question:

  • 1. What other security measures does ChatGPT Enterprise have in place to ensure the security of customer data?

  • 2. How has the introduction of the ChatGPT Enterprise product impacted OpenAIs user base?

  • 3.
How will OpenAIs partnership with Microsoft impact the development of AI technology?

4. What other products or services has OpenAI released to improve the security of customer data?

5. How have the changes in the space and defense industry over the past 25 years impacted OpenAIs business model?

This AI report is generated by a sophisticated prompt to a ChatGPT API. Our editors clean text for presentation, but preserve AI thought for our collective observation. Please comment and ask questions about AI use by Spacedaily. We appreciate your support and contribution to better trade news.


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