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OpenAI debuts ChatGPT Enterprise — 4 times the power of consumer version

OpenAI also claims it is two times faster than GPT-4 with enhanced privacy and security standards.

OpenAI, the creators of the artificial intelligence tool ChatGPT, has released ChatGPT Enterprise, a supposedly faster, more secure, and powerful version of the chatbot for businesses.

The firm explained in an Aug. 28 post that ChatGPT Enterprise offers unlimited access to GPT-4 at up to twice the performance speed and can process 32,000 token context windows for inputs.

As one token corresponds to about 4 characters of English text, the 32,000 model can therefore process roughly 24,000 words of text in a single input — which is about four times more than the standard GPT-4.

OpenAI says ChatGPT Enterprise also improves upon GPT-4’s privacy and security standards because it doesn’t use company data to train its OpenAI models and is SOC 2 compliant — a standard for managing customer data.

OpenAI said the enterprise product was launched following an “unprecedented demand” for ChatGPT products since its launch on Nov. 30, with over 80% of Fortune 500 companies adopting the AI tool to some degree, the firm explained:

“[They] are using ChatGPT to craft clearer communications, accelerate coding tasks, rapidly explore answers to complex business questions, assist with creative work, and much more.”

Related: Academia divided over ChatGPT’s left political bias claims

OpenAI is also working on a self-serve business tool which enables ChatGPT to extend its knowledge to a company’s data.

Cryptocurrency firms are continuing to experiment with AI as a way to solve a myriad of problems, from fighting climate change to providing more transparency in the music industry to securing data privacy on-chain.

Magazine: AI Eye: Apple developing pocket AI, deep fake music deal, hypnotizing GPT-4

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Pakistan Banks to Use Blockchain Technology for KYC

Pakistan Banks to Use Blockchain Technology for KYCBanks in Pakistan plan to launch an electronic platform for know-your-customer procedures that will be operating on a national level. The blockchain-based system will allow them to exchange the personal information of customers through what they describe as a decentralized and self-regulated network. Banks of Pakistan Looking to Employ Blockchain for KYC Checks Pakistan Banks’ […]

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Court docs reveal details about thousands of Celsius customers

The data of thousands of Celsius customers revealed in court also included its executives showing millions withdrawn from the platform in the weeks before it was suspended to the public.

Publicly available court documents related to Celsius’ bankruptcy proceedings have revealed data concerning thousands of its customers in a financial disclosure form filed on Oct 5.

The document contains over 14,500 pages and while addresses of customers have been redacted, it includes customer names, amounts, types, descriptions and timing of transactions on the platform, along with the United States dollar amounts and cryptocurrency type used, among other details.

There has been a general unease in the crypto community over the publicly available information included in the court documents.

​​Henry de Valence, founder of Web3 startup Penumbra Labs, told his 9,000 Twitter followers on Oct. 6, that anyone can “now dox all the on-chain activity” of any Celsius user, by matching the dates and amounts to the corresponding blockchain transaction data.

The filings also reveal Celsius’ executives withdrawing over $17 million worth of crypto in the weeks before withdrawals on the platform were frozen.

Former CEO and co-founder Alex Mashinsky withdrew around $10 million from the platform in May, it’s reported co-founder and former chief strategy officer Daniel Leon withdrew about $7 million and current chief technology officer Nuke Goldstein withdrew roughly $550,000 across Celsius (CEL), USD Coin (USDC), Bitcoin (BTC) and Ether (ETH).

Related: DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins

A spokesperson for Mashinsky previously stated his withdrawal was pre-planned, used to pay income taxes arising from the yield the assets produced, and his family still had $44 million worth of crypto frozen on the platform.

Celsius paused withdraws for its 1.7 million customers in June before filing a Chapter 11 bankruptcy in July due to the crypto market conditions leading the company to a $2.85 billion gap in its balance sheet.

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