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OpenAI announced the launch of a business version of ChatGPT on Monday 4th Sept 2023, as its artificial intelligence phenomenon faces falling usership nine months after its historic debut.

ChatGPT Enterprise will provide business users with a premium version of the bot that has “enterprise-grade” security and privacy advancements over prior versions, according to an OpenAI blog post.

The issue of data security has become critical for OpenAI, with large corporations such as Apple, Amazon, and Samsung prohibiting employees from utilizing ChatGPT for fear of crucial information being leaked.

“Today September 4, 2023, marks another step toward an AI assistant for work that assists with any task, is tailored to your organization, and protects your company data,” stated OpenAI.

The ChatGPT corporate version is like Bing Chat Enterprise, a Microsoft solution that employs the same OpenAI technology via a substantial agreement.

ChatGPT Enterprise, like ChatGPT Plus, the company’s subscription version for individuals, will be powered by GPT-4, OpenAI’s highest-performing model, but enterprise clients will receive additional benefits, such as faster speed.

The update comes as ChatGPT struggles to sustain the excitement that helped it become the world’s fastest-downloaded software in the weeks following its first release.

Threads, the Twitter rival of Facebook-owner Meta, took over that distinction last month.

According to analytics firm Similarweb, ChatGPT traffic fell by about 10% in June and again in July, which could be linked to school summer vacation.

According to SimilarWeb, nearly one-quarter of ChatGPT’s global users are between the ages of 18 and 24.

OpenAI is also encountering opposition from news publishers and other platforms, such as X, as Twitter is now known, and Reddit, which are currently preventing OpenAI web crawlers from mining their data for AI model training.

“We believe AI can assist and elevate every aspect of our working lives, as well as make teams more creative and productive,” the business stated.

It further stated that Carlyle, The Estée Lauder Companies, and PwC were among the early adopters of ChatGPT Enterprise.

A pair of pollster Pew Research Center reports issued on Monday also raised concerns about AI and ChatGPT in particular.

Two-thirds of those in the United States who have heard of ChatGPT are concerned that the government will not go far enough in regulating its use.

The study also discovered that the use of ChatGPT for learning and work tasks has increased from 12% of individuals who had heard of ChatGPT in March to 16% in July.

According to Pew, 52 percent of Americans are concerned rather than enthused about the rising use of artificial intelligence.