ChatGPT maker OpenAI recently announced that GPT-4 Turbo is available for paid subscribers. According to the company, it offers better writing, math, logical reasoning and coding capabilities. The improved large language model (LLM) is available for “ChatGPT Plus, Team, Enterprise and the API”. As the viral chat model continues to improve, CEO Sam Altman and the team plan to bring in more corporate customers.
According to Reuters, Altman hosted hundreds of Fortune 500 company executives in New York, San Francisco and London in April where the OpenAI team pitched the corporate use of AI services. This move could bring OpenAI head-to-head with Microsoft. Renowned for the expansion of AI use cases in the consumer industry, the company is resorting to roadshow-like events to explore new sources of revenue.
At these events, Altman and OpenAI COO Brad Lightcap showcased demonstrations of ChatGPT Enterprise. This includes text generation, software for linking apps via APIs and text-to-video use cases (which are yet to arrive for the general public). According to OpenAI, the data of enterprise customers is not used for training the model. OpenAI pitched use cases in the healthcare, finance, energy, customer support and other sectors. The executives noted that the consumer is already being used by over 92 per cent of the Fortune 500 companies.
On the other hand, Microsoft offers access to OpenAI’s services via its Azure cloud engine and Microsoft 365 Copilot for enterprises. However, Altman and Lightcap believe subscribing to ChatGPT Enterprise allows a company to work with OpenAI directly and gain access to the latest models and more customised AI offerings. Lightcap told Bloomberg that over six lakh users have signed up to ChatGPT Enterprise and Team (compared to 1.5 lakh in January). The COO is also working to promote OpenAI’s Sora.
Meanwhile, the new model – ‘gpt-4-turbo-2024-04-09’ gets better up-to-date knowledge (up to December 2023). The revamped ChatGPT powered by GPT-4 Turbo, can generate responses that are “more direct, less verbose and use more conversational language”. The company also introduced GPT-4 Turbo with Vision recently. You can read more on this here.
Source: As ChatGPT Continues to Improve, Sam Altman Wants More Businesses To Adopt ChatGPT