OpenAI, in collaboration with Microsoft, has made a significant announcement regarding the launch of its cutting-edge AI technology, GPT-4 Turbo. The announcement was made by OpenAI’s CEO, Sam Altman, during the AI lab’s developer conference.
GPT-4 Turbo is poised to revolutionize the field of artificial intelligence by offering advanced customization options that enhance user experiences, catering to their unique needs and preferences. Notably, this new version boasts an extended knowledge base, providing answers until April 2023, and has the capability to process larger inputs, with the capacity to accept documents up to 300 pages in length.
An exciting aspect of this launch is the reduced pricing for GPT-4 Turbo, making it more accessible and affordable for both companies and developers. The input tokens are now priced at $0.01, which is three times cheaper than the previous version, while output tokens cost $0.03.
In addition to these remarkable advancements, OpenAI has also introduced the opportunity for individuals to create their own custom chatbots. However, Altman noted that while the desire to develop GPT-5 exists, there is no specific timeframe for its completion at present.
Building on this groundbreaking launch, OpenAI has introduced a new revenue model known as the GPT Store. This platform operates similarly to an app store, allowing creators to publish their custom-built GPTs and make them available for download by the public. Designed to foster innovation, the GPT Store will serve as a hub to showcase AI models to the world.
In the coming months, the GPT Store will evolve into a monetization hub for creators, with OpenAI announcing plans to compensate them based on the usage statistics of their AI creations. This initiative aims to incentivize quality and creativity in the AI domain by offering a financial reward system aligned with user engagement metrics.
Creators will have the opportunity to have their GPTs featured within the store and potentially climb the ranks of the leaderboard. OpenAI is committed to highlighting outstanding GPTs across various categories, such as productivity, education, and entertainment, ensuring that the most impactful and enjoyable AI tools receive the recognition they deserve.
This launch comes at a time when tech giants like Alphabet, Amazon, Meta, and X are fiercely competing for the adoption of their AI tools. Alphabet’s Google recently introduced Bard, while Meta has integrated AI to enhance its advertising tools. Amazon, on the other hand, invested in the AI startup Anthropic. Elon Musk also unveiled an AI tool named Grok for X this week.
OpenAI’s announcement of GPT-4 Turbo and the introduction of the innovative GPT Store signify a significant leap forward in the field of artificial intelligence. With enhanced customization, affordability, and the opportunity for creators to showcase their AI models, OpenAI is poised to make a lasting impact on the industry.
