Microsoft is planning to bring a private version of ChatGPT for business: Here’s what it means

Last Update: May 04, 2023, 19:08 IST

ChatGPT Is Everywhere But Some Businesses Have Avoided Using It

Having a higher level version of an AI chatbot can help a company bring more business on board.

Ever since the makers of ChatGPT decided to invest $10 billion in OpenAI, Microsoft is definitely ahead in the AI ​​chatbot race. The company also got access to popular AI chatbots that are now part of Bing, Office and others.

But even today, you have many organizations that are hesitant to use AI applications due to privacy concerns, something that has forced Samsung to ban the use of AI chatbots for its employees. But it looks like Microsoft has a solid plan to work its way around these issues by offering a private version of ChatGPT that will focus on data privacy and compliance with regulations.

According to a report in The Information, this privacy focused version of ChatGPT will be marketed to clients in the banking and healthcare segments. The report suggests that Microsoft’s multi-year deal with OpenAI gives the company the right to sell products from OpenAI that include ChatGPT.

Private ChatGPT will work through dedicated servers, the report noted, which goes a long way in assuring businesses that their data and information will not make it into the public domain. And because of these specifications, this ChatGPT avatar is likely to cost more than 10 times what people are currently paying for the standard version of ChatGPT.

These decisions by Microsoft clearly show them thinking of ChatGPT beyond a regular AI chatbot. Eventually, the chatbot is now able to access the Internet to receive answers through third-party plugins.

Other tech giants like Google and Meta are still working on their AI chatbot versions, while the industry is already raising questions about the feasibility of using AI and how it could affect jobs in the coming years .

Regulators around the world are reducing the effectiveness of ChatGPT, raising many copyright concerns to prevent its spread. But it looks like OpenAI and Microsoft are keen to take things to the next level and have these business-focused AI chatbots available in the market later this quarter.

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