Microsoft plans to bring a private version of ChatGPT to businesses: here’s what it means

Microsoft has a clear lead in the AI chatbot race ever since it decided to invest $10 billion in OpenAI, the creator of ChatGPT. The company gained access to the popular AI chatbot, which is now part of Bing, Office and more.

But even today, many entities are hesitant to use AI applications due to privacy concerns, which has forced Samsung to ban its employees from using AI chatbots. But it looks like Microsoft has a solid plan to get around these issues by offering a private version of ChatGPT that focuses on privacy and regulatory compliance.

According to a report by The Information, this privacy-focused version of ChatGPT will be sold to customers in the banking and healthcare segments. The report notes that Microsoft’s multi-year agreement with OpenAI gives the company the right to sell OpenAI’s products that include ChatGPT.

Private ChatGPT operates through dedicated servers, the report states, which goes a long way in guaranteeing companies that their data and information will not be exposed to the public. And because of these features, the price of this ChatGPT avatar is probably 10 times more than what people are currently paying for the standard version of ChatGPT.

These decisions by Microsoft clearly show that they are thinking about ChatGPT beyond a standard AI chatbot. After all, the chatbot is now able to use the Internet to get answers through third-party plugins.

Other tech giants, such as Google and Meta, are still working on their versions of AI chatbots, while the industry is already considering the usefulness of AI and how it may affect jobs in the coming years.

Regulators around the world are cracking down on the effects of ChatGPT, and many have raised copyright concerns to prevent its spread. But it looks like OpenAI and Microsoft want to take it to the next level and make these business-focused AI chatbots available later this quarter.

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