OpenAI is developing an office software integrated with ChatGPT, targeting Google's (GOOGL, Financial) Workspace and Microsoft's (MSFT) Office. The software, which combines text creation and chatbot capabilities, aims to provide a comprehensive platform for business tasks such as document writing, real-time search, and social sharing. It aligns with CEO Sam Altman's vision of transforming ChatGPT into a personal assistant, potentially attracting enterprise users who prefer all-in-one productivity suites.
This development may challenge the market dominance of Google and Microsoft in enterprise productivity tools and could impact Google's search engine market share. Discussions on collaboration features at OpenAI have been ongoing for nearly a year, with product manager Kevin Weil and other executives having explored document collaboration designs earlier. The introduction of the Canvas feature, enabling AI-assisted drafting of documents and code, marked the initial step towards collaboration functionalities.
OpenAI anticipates generating about $15 billion in enterprise-level ChatGPT subscription revenue by 2030, compared to $600 million expected in 2024, highlighting the significant commercial potential in the productivity tools market. This comes amid sensitive negotiations with Microsoft regarding OpenAI's restructuring of its for-profit business.
