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A lot of those companies have already set up their own instance of OpenAI's models running on Azure. I'm not involved with this directly, but it is my understanding that Microsoft are selling (and pricing) this aggressively.

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Yep, with proper enterprise agreements in place. Using this as of now.

The problem is, it's not their instance, it's Microsoft's and nobody knows what MS does with the data.

Sure, but you can say the same thing about all of their cloud products and it doesn't seem to hold them back.

But their other products don't have a orompt do ask about that data

So what? How do you know that ChatGPT isn't trained on the documents you have stored in onedrive?

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