OpenAI launched ChatGPT in November, and the artificially intelligent chatbot quickly set about transforming just about every industry as it gained users at a historic rate, adding 100 million users in the span of two months.
ChatGPT has since become a household name, with some touting the productivity enhancements of the technology as others express concern over job security and rampant copyright infringement.
The company, headed up by Sam Altman, is now expanding its offerings. OpenAI said Monday that it is officially launching ChatGPT Enterprise, a business-focused subscription tier for the model.
DON'T MISS: Meet Sam Altman, the man behind OpenAI's revolutionary ChatGPT
The launch comes as Big Tech competitors -- including Google, Anthropic and Microsoft -- are racing to prepare and deploy their responses to ChatGPT.
The debut enterprise tier will give customers access to GPT-4 without usage caps that is twice as fast as other available versions, in addition to API credits. The company has not yet announced the cost of an Enterprise subscription, with COO Brad Lightcap telling CNBC that pricing will "depend on every company's use cases and size."
The program has been in development for less than a year and included more than 20 companies, such as Canva and The Estée Lauder Cos., in its Beta run.
More Artificial Intelligence:
- Why ChatGPT can't turn into Marvel villain Ultron (yet)
- Meet your new executive assistant, a powerful AI named Atlas
- Here's the steep, invisible cost of using AI models like ChatGPT
This, heralded by OpenAI as "the most powerful version of ChatGPT yet," allows customers to "own and control your business data in ChatGPT Enterprise. We do not train on your business data or conversations, and our models don’t learn from your usage." Customers will be able to, however, customize ChatGPT for their own specific use cases by training their version of the model on company-specific data.
Since ChatGPT launched, OpenAI said, "we’ve seen teams adopt it in over 80% of Fortune 500 companies."
The company intends to launch another tier called ChatGPT Business, focused on smaller teams, soon.
Microsoft has invested billions of dollars in the startup, which is valued between $27 billion and $29 billion, based on investments from Andreessen Horowitz and Sequoia Capital made in April.
This amping-up of ChatGPT comes as AI regulation in the U.S. still has yet to materialize amid mounting concerns over the threats and harms this technology poses. The most pressing of these, according to experts in the field, is not the threat of extinction that Altman himself has touted on so many occasions.
Rather, one of the great concerns surrounding AI involves pending economic upheaval.
"The only thing I'm concerned with is the haves and the have-nots. This is going to create inequality that we've never seen in our lifetimes," Dr. Srinivas Mukkamala, an AI authority who now serves as Ivanti's CPO told The Street in July. "We're going to pretty much have 99% of the world's population left behind. There is just no doubt about it. We're going to create a true economic crater."
One Stock We Believe Will Win in The AI Race (It's not Nvidia!)