Latest ChatGPT upgrades take small businesses to new heights

During its inaugural developer conference, OpenAI revealed a number of ChatGPT upgrades. Among them is a feature coined “Create a GPT,” which enables plus-subscribers to design their own AI assistant. The company also revealed a potent new AI model and a new marketplace that effectively operates as an App store for chatbots. 

ChatGPT is in an AI arms race with Bing Chat, Google Bard, Claude, and others; therefore, rapid innovation is essential. Notable additions to ChatGPT this year include the incorporation of OpenAI’s Dall-E 3 image generator, a potent new GPT-4 model, and a variety of new plug-ins that connect to other online services.

The following is a quick rundown of the latest upgrades:

1. You can now customize ChatGPT to meet your unique needs by selecting the ‘Create a GPT’ option if you’re a ChatGPT Plus subscriber ($20 per month).
2. OpenAI revealed it will be opening the GPT Store later in November, which seems to imply that AI chatbots are quickly becoming this decade’s version of the first iOS apps. However, similar to Apple’s App Store, OpenAI promises to “highlight the most useful and delightful GPTs we come across in categories such as productivity, education, and ‘just for fun.'”
3. Other improvements to GPT-4 and GPT-3.5 come from OpenAI’s release of new ‘Turbo’ versions. The new GPT-4 Turbo model was trained using more recent data—up to April 2023—one of its greatest advantages. That’s a step up from the last iteration, which had trouble responding to inquiries on occurrences that occurred after September 2021.
4. To safeguard its enterprise and API users against legal repercussions related to copyright infringement, OpenAI has also implemented what it refers to as a ‘Copyright Shield.‘ Unfortunately, ChatGPT’s free and Plus users are not eligible for this functionality. However, as OpenAI CEO Sam Altman said, “We can defend our customers and pay the costs incurred if you face legal claims around copyright infringement.”

Why does this matter for your small business?

Recently, ChatGPT surpassed 100 million active users and is still well-liked by many customers. As it has developed, it has turned into a dependable instrument for productivity. The app store, specifically, has the potential to produce future tech millionaires in the same way that the iPhone did. If you haven’t already started using ChatGPT in your business, you should seriously consider it.