ChatGPT Projects are fancy folders for your AI chats
Briefly

OpenAI's new Projects feature provides a versatile folder system within ChatGPT that enhances organization and customization for users, making task management more efficient.
During the demo, OpenAI showcased Projects being used effectively for tasks like planning a Secret Santa gift exchange and organizing home maintenance, demonstrating its practical utility.
The Projects feature allows users to edit project titles, assign unique colors, and integrate files and instructions for a tailored interaction with ChatGPT.
Kevin Weil, OpenAI's CPO, confirmed that Projects is currently available to ChatGPT Plus, Pro, and Teams users while free users will gain access soon.
Read at The Verge
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