This week in AI we have stories about OpenAI's ChatGPT Enterprise launch, Google's Duet AI, and AI startup AI21 Labs reaching unicorn status.
- OpenAI releases its ChatGPT Enterprise platform
- Google introduces Duet AI for Google Workspace
- Israeli AI startup AI21 Labs gets a generous valuation
OpenAI Launches its ChatGPT Enterprise for Organizations
OpenAI finally answered the requests of organizations with the launch of its ChatGPT Enterprise plan. This upgraded version of its GPT-4 platform will feature enterprise-grade security, unlimited high-speed GPT-4 access, longer context windows for processing longer inputs, and many more benefits.
OpenAI has called this the next step in having a customized AI assistant for each organization. These assistants will help to reduce redundancies, improve efficiencies, and protect corporate data. Since ChatGPT's launch late last year, OpenAI claims that over 80% of Fortune 500 companies have adopted the platform in some way.
Early adopters of the ChatGPT Enterprise platform include companies like Estee Lauder, Canva, Carylyle, Block, and Klarna. For these corporations, ChatGPT Enterprise provides a way to empower employees by assisting with tasks like creative work and coding tasks that would otherwise take much longer to complete.
OpenAI has yet to provide a firm price on the new enterprise subscription tier. Early reports are that it is flexible and customized for each enterprise partner. The ChatGPT Plus subscription for non-enterprise users is currently $20.00 per month.
- OpenAI introduces its ChatGPT Enterprise platform
- This new platform will have enterprise-grade security and no limit to GPT-4 usage
- As of now, there is no firm price for the new enterprise subscription tier
Google Introduces New Duet AI for Google Workspace
Alphabet continues to throw its weight around in the AI space with the new addition to its popular Google Workspace platform. Duet AI is now generally available to users of Google Workspace, of which there are more than 3 billion around the world, with more than 10 million paid users. It is the world's most popular productivity tool by total number of users.
With Duet AI, Google is targeting the project side of enterprise solutions. Google Workspace will utilize Duet AI to help keep track of important tasks, actionable items, and overall project management duties.
Providing Duet AI with access to your company's library of documents and forms can allow it to create reports and perform analysis without you lifting a finger. Duet AI is the perfect complement to a completely remote workforce. It can improve Google Meet video calls and even take notes or video snippets for you in real time.
In developing Duet AI, Google is also in the collaborative spirit with some of its biggest competitors and peers. Google is working alongside companies like Asana, Atlassian, Miro, and OKTA to create an open ecosystem in Google Workspace. Best of all, you can get a free trial of Duet AI and Google Workspace to try before you commit to a subscription.
Israeli AI Startup AI21 Labs Is Officially a Unicorn
There is no time like the present for AI startups around the world to receive those premium valuations. Just ask AI21 Labs out of Israel, a generative AI startup that recently reached unicorn status by obtaining a valuation of $1.4 billion.
The valuation came as a result of raising $155 million in a Series C funding round that was led by the likes of Samsung Next and Walden Catalyst. AI21 Labs was founded in 2017 and came onto the AI radar in 2020 when it launched its AI writing tool, Wordtune. This app is similar to an AI-powered version of Grammarly that uses machine learning to correct paraphrasing, incorrect spelling, and grammatical errors.
The company's flagship platform is AI21 Studio which allows developers to build custom, text-based business apps. AI21 Labs cites that its products are used by multiple Fortune 100 companies, with Wordtune specifically having over 10 million users. AI21 Labs also has a strong working relationship with AWS and Amazon, having also been a launch partner for Amazon's generative AI app development system called Bedrock.