A new version of ChatGPT Enterprise, a well-liked AI chatbot from OpenAI, has been released. The new version, as its name implies, was created for businesses that want higher levels of capability while still needing more privacy and protection. lengthier context windows for processing lengthier inputs, greater data analysis capabilities, customization choices, enterprise-grade protection and privacy, unrestricted higher-speed GPT-4 access, and much more will be included in the upcoming edition of ChatGPT.

According to OpenAI, this updated version of ChatGPT will address the privacy concern that has prevented many major corporations from formally approving the usage of chatbots. Starting now, ChatGPT Enterprise will be accessible.

In an official blog, OpenAI stated, "We believe AI can assist and elevate every aspect of our working lives and make teams more creative and productive. Today marks another step towards an AI assistant for work that helps with any task, is customised for your organisation, and that protects your company data."

Data regarding how ChatGPT is now being used by businesses was also made public by OpenAI. The business asserts that ChatGPT is in extremely high demand inside businesses.

According to the business, more than 80% of Fortune 500 organisations have reportedly implemented the technology since the chatbot ChatGPT was introduced in November of last year. Based on accounts linked to business email domains, the firm calculated the proportion of Fortune 500 organisations that have registered ChatGPT accounts.

The official blog further said, "We've heard from business leaders that they’d like a simple and safe way of deploying it in their organisation. Early users of ChatGPT Enterprise—industry leaders like Block, Canva, Carlyle, The Estée Lauder Companies, PwC, and Zapier—are redefining how they operate and are using ChatGPT to craft clearer communications, accelerate coding tasks, rapidly explore answers to complex business questions, assist with creative work, and much more."

All usage restrictions will be removed with ChatGPT Enterprise, which the business also says operates up to two times quicker. They provide 32k context in Enterprise, enabling users to process files or inputs that are four times longer. ChatGPT Enterprise offers unrestricted usage of sophisticated data analysis, formerly known as Code Interpreter. Whether financial analysts are crunching market data, marketers are analysing survey findings, or data scientists are troubleshooting an ETL script, this capability enables teams of both technical and non-technical people to analyse information in a matter of seconds. Use the new shared chat templates to collaborate and create standard procedures if you want to customise ChatGPT for the company.

Also Read - Zomato shares increase by 5% amid brisk trade; Softbank is expected to sell; and HSBC raises its target price