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You are here: Home1 / Artificial Intelligence2 / AI Applications for CRE3 / ChatGPT Projects vs Custom GPTs (Updated Nov 2025)
Spencer Burton
Artificial Intelligence, AI Applications for CRE, AI Training

ChatGPT Projects vs Custom GPTs (Updated Nov 2025)

At A.CRE, we’re always on the lookout for tools that can streamline our workflow and make our jobs a little easier. As the AI space evolves, OpenAI has rolled out two features that we’ve been putting to work in our day-to-day operations: ChatGPT Projects and Custom GPTs.

These two features have unlocked new ways for our team to stay organized and improve productivity, but they serve very different purposes. With Projects, we’re able to keep our research, models, and ongoing discussions for each initiative neatly organized in one place. Meanwhile, Custom GPTs allow us to create specialized AI tools—like our A.CRE AI Assistant—that are tailored to specific tasks.

Since we’ve been getting a lot of questions about the difference between these two features, I figured it was time to break it down for our readers. So, whether you’re an AI novice or a GPT power user, this post will walk you through the key differences, use cases, and best practices for ChatGPT Projects vs. Custom GPTs.

1. Purpose: Organizing Projects vs. Creating AI Assistants

The primary difference between ChatGPT Projects and Custom GPTs is their purpose.

  • ChatGPT Projects: Used for organization. Think of them as dedicated workspaces where you can store related chats, files, and instructions for a specific task or workflow.
  • Custom GPTs: Used for customization. These are tailor-made AI assistants designed to perform highly specific tasks, like financial modeling assistants or AI research analysts.

In short: Use ChatGPT Projects to keep your work organized. Use Custom GPTs to build specialized AI tools.

2. Customization: Guardrails vs. AI Behavior

Another key difference is the level of control and customization you have with each tool.

  • ChatGPT Projects: Set high-level guardrails like context instructions. You can provide the AI with context, but you cannot fundamentally change how the AI behaves.
  • Custom GPTs: Full control over the AI’s behavior, logic, and prompt. You can adjust how it responds, create specific task-based logic, and even control what external tools it can access.

In short: ChatGPT Projects let you set project-level context, while Custom GPTs let you fully control the AI’s thought process.

3. AI Models: Different Models, Different Capabilities

  • ChatGPT Projects: Offers a variety of models, including GPT-4o, 4o-Mini, 4, o1, and o1-Mini. Users can select the best model based on speed, cost, and performance needs.
  • Custom GPTs: Uses GPT-4-turbo with the ability to customize its behavior and logic via prompt engineering.

In short: ChatGPT Projects offer you multiple model options, while Custom GPTs use a single model but allow full customization of its behavior.

4. Customization of the AI’s Core Prompt

  • ChatGPT Projects: No prompt customization. Context is set at the project level, but the AI logic remains the same.
  • Custom GPTs: Full control over the prompt. You can define what the AI “knows” and how it “thinks,” allowing for powerful, task-specific AI tools.

5. API and Tool Integrations

  • ChatGPT Projects: No external API or tool integration. However, you can use image generation, web browsing, and Advanced Data Analysis (ADA) within the project.
  • Custom GPTs: Full API access and tool calling. Custom GPTs can integrate with third-party platforms, databases, and automation platforms like Make.com and Zapier.

In short: ChatGPT Projects access internal tools like web search and image generation, while Custom GPTs can trigger external APIs and interact with third-party platforms.

6. Sharing and Collaboration

  • ChatGPT Projects: Not shareable. Projects are private workspaces accessible only by the account owner.
  • Custom GPTs: Shareable and distributable. You can publish them in the GPT Marketplace or share links with teammates or clients. For instance, you can access the A.CRE library of custom GPTs whereas you can’t see the Projects we use internally.

7. Best Use Cases for Each Tool

Tool Best Use Cases
ChatGPT Projects Trip planning, research projects, workspaces, ongoing projects
Custom GPTs AI tutors, customer service bots, domain-specific assistants

8. Analogy: The Lecture Hall and the Professor

Here’s a simple way to think about the difference between the two tools:

  • ChatGPT Projects are like a lecture hall. Students (chats) are organized neatly, each with access to laptops (advanced data analysis) and notebooks (files). If you leave the room, the students, laptops, and notes stay behind.
  • Custom GPTs are like the professor in the lecture hall. The professor is a domain-specific expert (chemistry, real estate, Shakespeare) and can call on external tools to deliver better lectures. This professor can give lectures in multiple halls at once, each customized for its audience.

9. Key Differences Recap

Feature ChatGPT Projects Custom GPTs
Primary Purpose Organize files, chats, and instructions Create specialized AI assistants
AI Models GPT-4o, 4o-Mini, 4-turbo, o1, o1-Mini GPT-4-turbo
File Organization Yes No
Tool Calling No Yes
Sharing No Yes

Final Thoughts

Both ChatGPT Projects and Custom GPTs have become essential tools in our workflow at A.CRE. We use Projects to keep our files, chats, and context organized for ongoing deals and research. Meanwhile, Custom GPTs help us create specialized assistants for underwriting and automation.

Hopefully, this breakdown helps you understand when to use a Project and when to build a Custom GPT. Happy AI building!


Frequently Asked Questions about ChatGPT Projects vs Custom GPTs

What is the main difference between ChatGPT Projects and Custom GPTs?

ChatGPT Projects are used for organization—”dedicated workspaces where you can store related chats, files, and instructions.” Custom GPTs are used for customization—”tailor-made AI assistants designed to perform highly specific tasks.”

How much customization does each tool allow?

ChatGPT Projects allow high-level guardrails like context instructions but not behavioral changes. In contrast, Custom GPTs provide “full control over the AI’s behavior, logic, and prompt.”

What AI models do ChatGPT Projects and Custom GPTs use?

ChatGPT Projects support multiple models: GPT-4o, 4o-Mini, 4, o1, and o1-Mini. Custom GPTs use GPT-4-turbo only but offer prompt customization for specific use cases.

Can you modify the core prompt in both tools?

No. Only Custom GPTs allow full prompt customization. With ChatGPT Projects, context is set at the project level, but “the AI logic remains the same.”

Do either tools support API integrations and tool usage?

Custom GPTs support “full API access and tool calling,” allowing integration with third-party platforms. ChatGPT Projects do not support external API calls but can use internal tools like image generation and Advanced Data Analysis.

Can you share ChatGPT Projects or Custom GPTs with others?

ChatGPT Projects are private and “not shareable.” Custom GPTs are shareable and can be published in the GPT Marketplace or shared via links.

What are the ideal use cases for each tool?

ChatGPT Projects are best for “trip planning, research projects, workspaces, ongoing projects.” Custom GPTs excel as “AI tutors, customer service bots, domain-specific assistants.”

What analogy helps explain the difference between Projects and Custom GPTs?

“ChatGPT Projects are like a lecture hall,” where information and tools are stored. “Custom GPTs are like the professor” who delivers domain-specific knowledge and can interact with external resources.

Who wrote this guide and what is his background?

The guide was written by Spencer Burton, Co-Founder and CEO of CRE Agents. He has 20+ years of experience in CRE and has underwritten over $30 billion in real estate. He also co-founded Adventures in CRE and holds a Masters in Real Estate Finance from Cornell.


About the Author: Spencer Burton is Co-Founder and CEO of CRE Agents, an AI-powered platform training digital coworkers for commercial real estate. He has 20+ years of CRE experience and has underwritten over $30 billion in real estate across top institutional firms.

Spencer also co-founded Adventures in CRE, served as President at Stablewood, and holds a BS in International Affairs from Florida State University and a Masters in Real Estate Finance from Cornell University.

Contact Spencer
by Spencer Burton
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