Sam Altman, CEO of OpenAI, during an event in Seoul, South Korea on June 9, 2023.
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OpenAI announced its new, more powerful GPT-4 Turbo AI model at its first in-person event on Monday, and revealed a new option that will allow users to create personalized versions of its viral chatbot ChatGPT. It also reduces the prices of fees paid by companies and developers to run its software.
OpenAI’s announcements show that one of the hottest tech companies is rapidly evolving its offerings in an effort to stay ahead of competitors like Anthropic, Google And Meta in the AI arms race. ChatGPT, which broke records as the fastest-growing consumer app in history within months of its launch, now has around 100 million weekly active users, OpenAI said Monday. More than 92% of Fortune 500 companies use the platform, up from 80% in August.
The event also included a surprise appearance from Microsoft CEO Satya Nadella.
“The systems that are needed as you aggressively move forward on your roadmap require us to be at the top of our game, and we intend to be fully committed to ensuring that all of you… have no “only the best systems for training and inference, but also the most computational,” Nadella told OpenAI CEO Sam Altman while they were on stage together. He added: “This is how we are going to progress.”
Earlier this year, Microsoft’s increased investment in OpenAI – an additional $10 billion – made it the biggest AI investment of the year, according to PitchBook, and in April the startup reportedly closed a Share sale for $300 million with a valuation between $27 billion and $29 billion, with investments from companies such as Sequoia Capital and Andreessen Horowitz. Just last month, OpenAI was would be in talks to strike a deal that would lead to a valuation of $80 billion.
In his speech Monday, Altman said today’s announcements came from conversations with developers about their needs over the past year.
Here’s what OpenAI announced on Monday:
GPT-4 Turbo is the latest AI model and it now provides contextual answers until April 2023. Previous versions were discontinued in January 2022. For example, if you ask GPT-4 who won the Super Bowl in February 2022, I couldn’t have told you. GPT-4 Turbo can.
“We are just as annoyed as all of you, probably more, that the world’s knowledge of GPT has ended in 2021,” Altman said in a speech Monday.
It also accepts a lot more input. While previous versions limited you to around 3,000 words, the GPT-4 Turbo accepts entries up to 300 pages. This means you could ask him to summarize entire books.
GPT-4 also supports DALL-E 3 AI-generated images and text-to-speech. It also has six preset voices to choose from, so you can choose to hear the answer to a query in a variety of different voices.
OpenAI said GPT-4 Turbo is now available for developer preview and will be released to everyone in the coming weeks.
OpenAI said it was also reducing prices for developers. “GPT-4 Turbo input tokens are 3x cheaper than GPT-4 at $0.01 and output tokens are 2x cheaper at $0.03,” the company said, meaning that Businesses and developers are expected to save more when running a lot of information through AI models.
Custom Chatbot Builder
Until now, ChatGPT’s enterprise and enterprise offerings were the only way for users to upload their own data to train and customize the chatbot for particular industries and use cases. It now adds the ability for anyone to create custom chatbots.
AI “agents” are one of the hottest uses of technology in recent times, with many startups vying to offer the kind of personalized AI tools that consumers may already be familiar with through pop culture representations, like Tony Stark’s JARVIS in the Marvel films, or Pam. in the Disney Channel Smart House.
“Anyone can easily create their own GPT, no coding required,” the company wrote in a statement. “You can create them for yourself, just for your company’s internal use, or for everyone. Creating one is as simple as starting a conversation, giving it additional instructions and knowledge, and choosing what it can do, like search the web, create images, or analyze data.
More than two million developers building their own tools using ChatGPT’s API will also be able to customize the chatbot, meaning consumers will likely see personalized AI chatbots appear in many other places, including in apps and the websites they use regularly.
Now that users and developers can launch their own custom AI chatbots, OpenAI introduces a new revenue engine for the company: its own version of the App Store.
The GPT Store allows people who create their own GPTs to make them available for public download, and in the coming months, OpenAI said people will be able to earn money based on usage figures for their creation.
“Once in the store, GPTs become searchable and can climb the rankings,” the company wrote in a statement. “We’ll also highlight the most useful and enjoyable GPTs we come across in categories like productivity, education, and ‘just for fun.’
Until Monday, ChatGPT users had to switch between apps and websites to use all of OpenAI’s tools, contributing to a slightly longer learning curve. On Monday, the company announced that it has streamlined its AI tools in one place: using ChatGPT now offers image generation via DALL-E, browsing, data analysis, document uploading and PDF search. Until now, Anthropic’s Claude was the only competing chatbot to allow PDF searching.
As lawsuits related to generative AI mount, Altman announced Monday that OpenAI will “step in and defend our customers” and “pay any costs incurred if you face lawsuits regarding copyright infringement “. This echoes similar statements made by Google, Microsoft and Adobe.