Small businesses that have maximized their use of ChatGPT and other AI tools may find exciting developments this week. A new opportunity to enhance their capabilities has emerged, although it carries a subscription fee.
OpenAI has introduced a subscription tier that grants users access to ChatGPT’s most advanced models. For businesses heavily reliant on this AI tool, the $200 monthly fee might be justifiable, though it may still be considered steep for many.
In addition to these developments, here are this week’s top headlines for small businesses …
Small Business News Roundup
The Billion-Dollar Evolution of Domain Names in the Digital Economy
The value of domain names has skyrocketed, solidifying their role as vital assets in the global digital economy. This transformation from simple web navigation tools to strategic branding resources is driving visibility and growth across various industries.
Family Business Succession: A Critical Challenge
As Baby Boomers approach retirement, family-owned enterprises nationwide face crucial succession decisions. Transitioning leadership within family businesses can be especially complex, particularly for Black-owned businesses grappling with unique challenges in this process.
Survey: Inflation Remains a Significant Challenge for U.S. Businesses
A recent survey highlights that inflation continues to pose significant challenges for U.S. businesses. Despite some moderation in inflation rates, 85% of business owners reported adverse effects on their operations over the past two years, with 94% closely monitoring ongoing inflation trends.
OpenAI Launches ChatGPT Pro for Enhanced AI Access
The launch of ChatGPT Pro introduces a subscription plan aimed at researchers and professionals seeking advanced AI capabilities. Priced at $200 per month, this service targets users working on complex, high-stakes projects in diverse fields.
Survey Indicates Optimism Among Small Business Owners Post-Election
Findings from a recent survey of U.S. small business owners reveal optimism for 2025 despite challenges related to economic policies following the new administration’s election. The study highlights concerns about tariffs, taxes, inflation, and workforce issues, while emphasizing a growing reliance on freelancing to navigate economic uncertainties.
Thryv Holdings to Acquire Keap in Strategic $80 Million Deal
Thryv Holdings, a leader in SaaS solutions for small and medium-sized businesses, has announced a definitive agreement to acquire Infusion Software, known as Keap, for $80 million.
Canva Announces Return of Canva Create Event for 2025
Canva has unveiled plans for its 2025 Canva Create event, promising an innovative celebration of creativity. Scheduled for April 10, 2025, at SoFi Stadium in Los Angeles, the event will also be broadcast live online for a global audience.
In the News: Reflecting and Planning for the Future
As 2024 draws to a close and the busy holiday shopping season ends, small business owners are looking forward to 2025. This period serves as an excellent opportunity to establish goals and regroup after another productive year.
