Shares of technology companies saw a surge as excitement around AI technology continues to grow. OpenAI, an artificial intelligence startup, has unveiled Chatgpt Enterprise, a business version of its popular ChatGPT tool. This move puts OpenAI in direct competition with Microsoft, their largest backer and partner.

ChatGPT Enterprise aims to assist employees in learning new concepts or skills, such as coding, and analyzing internal corporate data. Brad Lightcap, OpenAI’s Chief Operating Officer, expressed the tool’s potential to enhance productivity within organizations.

In other news, BYD Electronic has announced its plans to acquire Jabil’s mobile-electronics manufacturing business for approximately $2.2 billion. This acquisition will enable BYD Electronic to expand its footprint in smartphone components.

Definitions:
– AI technology: Artificial intelligence technology refers to the development of computer systems capable of performing tasks that would typically require human intelligence.
– ChatGPT: A language model developed by OpenAI that can generate human-like text based on prompts given by users.
– BYD Electronic: A Chinese company specializing in electronics manufacturing and renewable energy solutions.
– Jabil: An American manufacturing services company that provides electronics design and production services.

Sources: Dow Jones.

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