OpenAI’s COO Brad Lightcap believes that artificial intelligence’s potential for business is overestimated. He said this in an interview with CNBC, according to The Verge.

According to him, one of the exaggerated expectations is that AI “will be able to bring about significant changes in business in one fell swoop.” Brad Lightcap explained how companies have turned to OpenAI with the expectation that AI would help them drastically reduce costs or return their business to growth.

Although the technology is capable of improvement, the use of AI alone will not solve the problem completely. OpenAI’s COO is also convinced that the technology is still at an experimental stage. It has yet to become part of important tools and applications.

In August, OpenAI announced the launch of a business-oriented version of its AI-based chatbot ChatGPT Enterprise. The company first showed this version on its blog at the beginning of the year.

It is capable of performing the same tasks as ChatGPT, but has improved performance and customization options. Also, this version guarantees a high level of security and confidentiality at the enterprise level.