US Markets
Wednesday, January 10th, 2024 5:16 pm EDT
Key Points
- Product Launches: OpenAI has unveiled two new products – the GPT Store and ChatGPT Team. The GPT Store is likened to an App Store where users can list and download personalized chatbots, known as GPTs. The community has already built 3 million GPTs, and OpenAI has approved several for download. ChatGPT Team, a version of OpenAI’s Enterprise offering for smaller businesses (under 150 users), costs $25 per user per month (annually) or $30 per month (monthly). It includes a shared workspace and allows teams to create their own GPTs.
- Enterprise Offerings: The new ChatGPT Team follows the introduction of ChatGPT Enterprise in August, designed for larger companies. The Enterprise plan includes access to GPT-4 without usage caps, performance improvements, and API credits. The pricing for Enterprise was not publicly disclosed in August and was said to depend on individual company use cases and size.
- Leadership Turmoil and Future Direction: OpenAI faced a leadership crisis in November, with CEO Sam Altman temporarily ousted. Altman returned to his role, and the company is back on track, launching new products. The GPT Store, in particular, was on hold due to the leadership shuffle. OpenAI is positioning itself in the AI market, aiming to stay ahead of competitors like Anthropic, Google, and Meta. ChatGPT, with about 100 million weekly active users as of November, is a significant player, with more than 92% of Fortune 500 companies using the platform. OpenAI’s ongoing tender offer is set to value the company at around $86 billion, and despite the leadership tumult, it remains on track, with employees given until January 5 to decide on participation.
OpenAI has launched two new products: the GPT Store and ChatGPT Team. The GPT Store functions as OpenAI’s version of the App Store, enabling users to list and download personalized chatbots, or GPTs, that they’ve created. The store already has 3 million GPTs built by the community, and a GPT builder revenue program is set to launch soon, compensating builders based on user engagement. ChatGPT Team, designed for businesses with under 150 users, is priced at $25 per user per month annually or $30 monthly. The enterprise version, ChatGPT Enterprise, released in August, targets larger companies and provides access to GPT-4 with enhanced performance and API credits. The company’s recent moves come after a period of leadership tumult, with CEO Sam Altman briefly ousted and subsequently reinstated. OpenAI’s tender offer, valued at around $86 billion, is still on track despite these challenges, and employees had until January 5 to decide their participation.
For the full original article on CNBC, please click here: https://www.cnbc.com/2024/01/10/openai-debuts-gpt-store-new-business-tier-after-leadership-fracas.html
