OpenAI Introduces ChatGPT Enterprise

OpenAI has revealed that its ChatGPT technology has been adopted by over 80% of Fortune 500 companies within just nine months of its launch. This data is based on the percentage of Fortune 500 companies with registered ChatGPT accounts, identified through corporate email domains.

A Solution for Business Leaders

OpenAI’s recent blog post indicates that business leaders have expressed a need for a “simple and safe way” to deploy ChatGPT within their organizations. In response, the company has introduced ChatGPT Enterprise, a specialized version aimed at meeting these demands. Early adopters of this enterprise-level solution include industry leaders such as Block, Canva, Carlyle, The Estée Lauder Companies, PwC, and Zapier.

Versatility in Applications

The adoption rate is not the only noteworthy aspect; the versatility of applications is equally compelling. Companies are utilizing ChatGPT Enterprise for a range of tasks, from crafting clearer communications and accelerating coding tasks to exploring answers to complex business questions. The technology is also being used to assist with creative work.

Third-Party Perspective

From a third-party perspective, the rapid adoption of ChatGPT by Fortune 500 companies signals a broader trend in the integration of AI technologies into business operations. While the technology itself is not new, its application across diverse sectors within such a short period is indicative of the accelerating pace at which businesses are willing to adapt to AI solutions.

Implications and Future Outlook

The implications of this widespread adoption are manifold. Firstly, the widespread adoption of ChatGPT Enterprise among Fortune 500 companies may serve as a benchmark for smaller enterprises contemplating the integration of comparable AI solutions. Secondly, this trend prompts inquiries into how AI technologies like ChatGPT Enterprise will influence future corporate strategies, decision-making processes, and internal communication channels. As businesses continue to redefine their operations through AI, the demand for specialized, enterprise-level solutions like ChatGPT Enterprise is likely to grow.


In summary, OpenAI’s ChatGPT has not only gained significant traction among Fortune 500 companies but has also led to the introduction of an enterprise-level solution to meet the specific needs of business leaders. The technology’s versatility in application across various sectors is a testament to its potential impact on the corporate landscape. As AI continues to permeate business operations, solutions like ChatGPT Enterprise are poised to play an increasingly significant role.

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Coinbase Exchange Leaps as Fortune 500 Company

Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc has been added to this year’s list of Fortune 500 companies, making it break the record as the first fully crypto native firm that made the list. 


Fortune 500 companies are the most valuable firms in the United States as measured by their cumulative revenue for the 2021 fiscal year. The revenue threshold for this year was placed at $6.4 billion, up 19% from last year. Overall, Coinbase made it to the list as the 437th-ranked company with a cumulative revenue of $7.839 billion, a 513.7% growth from the year-ago period.

The addition of Coinbase to the list did not come as a surprise as the company benefitted immensely from the growth of the digital currency ecosystem last year at a time when the price of Bitcoin (BTC) soared to its all-time high of around $69,000. The company has also continued to expand and diversify its revenue streams in a bid to cushion whatever shocks the crypto ecosystem might pose.

At the moment, Coinbase has a series of products ranging from cloud infrastructure service through Bison Trails, to custody, and staking services amongst others. Coinbase is also making active moves to upgrade its NFT marketplace from the Beta in a bid to open access to all of its users worldwide.

Coinbase to Keep the Status Quo Amidst Bearish Market

Coinbase Exchange has seen a negative deviation from its customer demand and share valuation, a move that models the bearish sentiment engulfing both the stock and crypto markets respectively.

In a bid to maintain the status quo, Coinbase’s President and Chief Operating Officer, Emilie Choi said the company will be putting a pause on its hiring spree, a measure industry analysts have tagged a viable cost-cutting measure.

“To ensure we’re best positioned to succeed during and after the current market downturn, we’re announcing we’re slowing hiring so we can reprioritize our hiring needs against our highest-priority business goals,” Emilie wrote in a blog post shared last week as reported by Blockchain.News.

With Coinbase’s business hinged on the dwindling crypto ecosystem, interest mounts to see whether the Brian Armstrong-led company will pull enough revenue weight to rank amongst Fortune 500 companies this time next year.

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