Why It’s Important
The service is currently available in limited regions, namely East and South Central United States and West Europe. It may take some time before Australian enterprises can offer their assessment on the product. Nevertheless, this signals important progress in the range of products and services that will allow enterprises to customise AI models to suit their particular needs, such as generating content, summarising information, performing semantic searches, and translating natural language into code.
While ChatGPT language model pricing in Azure is unavailable, as the product is still in the preview stage, IBRS expects this to be lower than the current Code-Davinci rate of AUD$0.149623, allowing more developers to benefit from the cost-savings brought by advanced language models.
Who’s Impacted
- CIOs
- AI developers
- IT teams
What’s Next?
- Establish an innovation group consisting of both ICT and business users to promote familiarity and comprehension of generative AI technologies.
- Begin a few experimental case studies within the company to investigate the capabilities and possibilities of generative AI.
Related IBRS Advisory
1. ChatGPT – A Watershed Moment In AI?
2. VENDORiQ: Why Microsoft GPT Superpowers Go Far Beyond Bing
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