OpenAI Unveils GPT-4 Turbo
During the AI lab’s inaugural developer conference, OpenAI CEO Sam Altman announced the release of GPT-4 Turbo, the latest artificial intelligence technology. The new version is currently available for developers to preview, with a broader release planned soon.
GPT-4 Turbo aims to revolutionize AI interactions through customization that enhances user experiences, catering to unique needs and preferences. It also provides an extended knowledge base with answers up to April 2023 and accepts larger inputs, accommodating documents up to 300 pages.
In addition, OpenAI has reduced the cost of GPT-4 Turbo, making it more affordable for companies and developers. Input tokens are now priced at $0.01, three times cheaper than its predecessor, while output tokens cost $0.03. OpenAI has also introduced the ability for anyone to create custom chatbots.
OpenAI Unveils GPT Store
OpenAI has introduced a new revenue model called the GPT Store, similar to an app store. This platform allows creators to publish their custom-built GPTs for public download. The GPT Store is designed to encourage innovation and creativity in the AI domain by providing a marketplace for creators to showcase their AI models.
In the future, the GPT Store will become a monetization hub for creators as OpenAI plans to compensate them based on usage statistics of their AI creations. This initiative promises to incentivize quality and creativity in the AI domain by offering a financial reward system aligned with user engagement metrics.
The launch comes at a time when tech giants such as Alphabet (GOOGL), Amazon (AMZN), Meta (META), and X are competing for the adoption of their AI tools. Earlier this year, Alphabet’s Google unveiled Bard, while Meta has leveraged AI to enhance its advertising tools. Amazon also invested in the AI startup Anthropic.
Hot Take: OpenAI Advances Artificial Intelligence Technology
OpenAI’s introduction of GPT-4 Turbo and the GPT Store represents significant progress in artificial intelligence technology. These innovations promise to revolutionize AI interactions and create new opportunities for creators in the AI domain. With increased accessibility and affordability, these advancements could lead to widespread adoption and further development in the field of artificial intelligence.
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