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Home » Blog » OpenAI Unleashes Smarter GPT-4 and Cuts Prices on GPT-3.5 Turbo to Empower Developers
Tech

OpenAI Unleashes Smarter GPT-4 and Cuts Prices on GPT-3.5 Turbo to Empower Developers

Henary Uttam
Last updated: 26/01/2024 7:38 PM
Henary Uttam
2 years ago
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OpenAI Unleashes Smarter GPT-4 and Cuts Prices on GPT-3.5 Turbo to Empower Developers
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GPT-4 Turbo Aims to Combat Laziness and Speed Task Completion

OpenAI Unleashes Smarter GPT-4 : OpenAI recently unveiled an improved GPT-4 Turbo preview model as part of its efforts to expand artificial intelligence capabilities. Responding to user concerns regarding incomplete task performance, OpenAI asserts that their new model excels at code generation tasks compared to its previous counterpart, promising less instances of “laziness”.

Contents
  • GPT-4 Turbo Aims to Combat Laziness and Speed Task Completion
  • OpenAI Introduces Embeddings to Expand AI Understanding
    • GPT-4 Turbo: Making Headway in AI Capabilities
    • GPT-3.5 Turbo Now More Accessible
  • GPT-4 Battles Competition from Google Gemini
    • Improve API Key Management and Usage Insights
    • Unveiling Text Embeddings to Advance Language Understanding
    • Monetizing Personalized AI: The GPT Store
    • GPT-4 Turbo Stands Up to Competition
GPT-4 Turbo Aims to Combat Laziness and Speed Task Completion

OpenAI Introduces Embeddings to Expand AI Understanding

OpenAI has made waves in artificial intelligence (AI), by unveiling an innovative feature – embeddings. These smaller AI models enable deeper comprehension between content elements and increase application efficiency across applications.

GPT-4 Turbo: Making Headway in AI Capabilities

OpenAI recently unveiled an improved GPT-4 Turbo preview model, promising to address issues of laziness experienced with previous preview models. GPT-4 Turbo excels at tasks such as code generation and produces more comprehensive results; its most recent training occurred as recently as April 2023; GPT-4 Turbo also strives to address user complaints regarding chatbot’s unwillingness to complete tasks, especially among GPT-4 users who rely on older data.

GPT-3.5 Turbo Now More Accessible

Responding to user demands, OpenAI has made AI more accessible by lowering prices for its GPT-3.5 Turbo API. This pricing adjustment includes a 50% decrease in input prices – now at $0.0005 per thousand tokens – and 25% decline in output prices to set at $0.0015 per thousand tokens, in order to facilitate scalability among developers, thereby creating new opportunities for innovation.

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GPT-4 Battles Competition from Google Gemini

OpenAI’s GPT-4 has proven itself a formidable competitor to Google Gemini in AI competition, outshone by both on advanced math and specialized coding performance, but there remains uncertainty regarding whether GPT-4 Turbo could change those results. OpenAI has consistently demonstrated their commitment to continuous innovation and improvement which places GPT-4 as a worthy competitor in this race.

Improve API Key Management and Usage Insights

Understanding the significance of effective API management, OpenAI has introduced new tools to assist developers. Now offering improved ways for managing API keys and tracking usage metrics. This step fits with OpenAI’s commitment to foster an easy user-experience while helping developers unlock AI applications’ full potential.

Unveiling Text Embeddings to Advance Language Understanding

OpenAI recently unveiled two innovative new models utilizing embeddings for enhanced language understanding: text-embedding-3-small and text-embedding-3-large. Both serve as efficient translators that convert human speech into something computers can understand; in particular, “large” model excels in parsing more intricate text structures more thoroughly and quickly, offering AI systems more accurate and helpful responses.

Monetizing Personalized AI: The GPT Store

OpenAI has ambitious plans to empower creators by enabling them to monetize personalized AI systems through the GPT Store. Developers will earn revenue based on user engagement with their GPTs. This initiative aims to foster an ecosystem of creators in AI that unlocks new possibilities for monetization within this sector. It will initially roll out to users with paid ChatGPT plans as a strategic move that incentivizes AI enthusiasts and developers.

OpenAI’s recent developments demonstrate its dedication to expanding AI capabilities, making them more accessible, and cultivating an ecosystem of AI creators. GPT-4 Turbo, embeddings, and the GPT store all represent key tools allowing OpenAI to influence artificial intelligence’s direction, leading to smarter, more cost-efficient AI solutions.

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GPT-4 Turbo Stands Up to Competition

OpenAI’s GPT-4 Turbo is currently competing against Google Gemini for advanced math and specialized coding tasks, and while Gemini may show superiority for specific tasks, when pitted against OpenAI’s GPT-4 Turbo it could take a different path altogether. OpenAI remains at the forefront of AI innovation, constantly refining their models to stay ahead in this rapidly developing AI landscape.

OpenAI’s recent announcements mark a remarkable leap forward for artificial intelligence. From embeddings to enhanced GPT-4 Turbo capabilities and pricing adjustments for GPT-3.5 Turbo access, all contribute towards OpenAI’s goal of making AI more powerful, user-friendly, and widely accessible. As AI develops further, OpenAI remains at the forefront of groundbreaking innovations ensuring its future remains smarter, more efficient, and accessible by developers around the world.

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