It’s been nearly a year since OpenAI made ChatGPT available to the public, sparking the generative AI revolution that has rapidly transformed the tech sector.
Latest Updates from OpenAI’s Inaugural Developer Conference
Since then, OpenAI has been in a race to stay ahead of a growing group of competitors. They achieved this by launching GPT-4, plug-ins enabling ChatGPT to integrate with various services, introducing the DALL-E 3 image generator, and offering an enterprise tier. On Monday, the company will host its inaugural developer conference called DevDay in San Francisco, where they are anticipated to unveil a platform for crafting custom chatbots.
Developers wanted a more affordable option, and OpenAI is delivering. GPT-4 Turbo will have a 3x reduction in price for input tokens and a 2x reduction for output tokens. OpenAI’s next focus is to enhance speed for developers, with plans to make it “a lot faster” in the near future, as per Altman.
OpenAI’s Latest Innovations: GPT-4, Custom ChatGPT, and Impressive User Reach
OpenAI has unveiled further enhancements to its extensive language models, GPT-4 and GPT-3.5, which encompass updated knowledge bases and a considerably extended context window. In line with the practices of Google and Microsoft, the company is also taking steps to shield its customers from potential copyright litigation.
GPT-4 Turbo, currently accessible through an API preview, has been trained on data up to April 2023, as revealed during the company’s inaugural developer conference on Monday. The earlier iteration of GPT-4, launched in March, only incorporated data up to September 2021. OpenAI intends to release a production-ready Turbo model in the coming weeks, though the exact date remains unspecified.
A year ago, OpenAI introduced ChatGPT, an AI chatbot capable of various tasks. Now, the company is launching a platform for creating customized versions of ChatGPT tailored to specific needs, without the need for coding.
In the upcoming weeks, these AI agents, referred to as GPTs, will be accessible via the GPT Store. Detailed information about the store’s appearance and functionality is currently limited. However, OpenAI plans to compensate creators based on the usage of their GPTs, with the exact amount unspecified. These GPTs will be accessible to paying ChatGPT Plus subscribers and OpenAI enterprise customers, who can create GPTs for internal use.
OpenAI CEO Sam Altman revealed at its inaugural developer conference on Monday that ChatGPT is now used by 100 million people weekly. Since March, when ChatGPT and Whisper models were made available via API, the company has also attracted over two million developers, encompassing more than 92 percent of Fortune 500 companies.
OpenAI shared these statistics while introducing various new features, including a platform for crafting custom versions of ChatGPT for specific tasks, and GPT-4 Turbo, a novel model equipped with knowledge of global events up to April 2023. This new model can accommodate the equivalent of more than 300 pages of text in a single prompt.