Summary

• OpenAI plans to release an upgraded version of ChatGPT for selected users for monetization.
• The professional version will offer higher limits, faster performance and enhanced features.
• Microsoft may invest $10 billion in OpenAI which could value the company at $29 billion.

OpenAI, the cutting-edge AI research lab, has announced that it will soon be releasing an upgraded version of its viral AI-powered chatbot, ChatGPT, for select users as the company looks to monetize the technology. In a tweet, OpenAI President and Co-founder Greg Brockman shared that the company is working on a "professional version" of ChatGPT that will offer higher limits and faster performance. The pilot program, named "ChatGPT Professional," will feature enhanced capabilities such as always-available service, fast responses, and an increased message limit, making it more suitable for professional use.

However, access to the program will not be open to everyone who is interested in participating. Instead, OpenAI will select participants from those who apply through a Google Forms link. The company has emphasized that this pilot program is experimental and subject to changes.

The news of the upgraded ChatGPT version comes as reports indicate that Microsoft is in talks to invest $10 billion in OpenAI, along with other venture firms. This potential investment could value OpenAI at $29 billion, according to a report by Semafor. The round is expected to close by the end of 2022.

ChatGPT has risen to prominence in recent years due to its detailed responses and articulate answers across many domains of knowledge, making it a valuable tool for various industries and for general use. The chatbot was created by OpenAI, which was founded in 2015 by Twitter and Tesla CEO Elon Musk, along with Sam Altman and a few others. Musk later resigned from the board in 2018. Interestingly enough, Indian IT giant Infosys made an early investment in the revolutionary AI company back in 2015 to help it get started.

In conclusion, OpenAI's upcoming professional version of ChatGPT promises to offer advanced capabilities and faster performance, making it more suitable for professional use, but it will only be available to selected users. It's an exciting time for OpenAI and the future of AI-powered chatbots.