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Is OpenAI's Big Reveal The Future Of AI Tech?

By TD NewsDesk

TD NewsDesk

Updated on Tue, Nov 7, 2023

Overall Rating
Guess what's stealing the AI spotlight?

Yes, it’s OpenAI's debut developer event that revealed all the secrets you've been itching to know!

After a year of the inception of OpenAI’s most famous product, ChatGPT, the weekly usage of the tool exceeded 100 million users. ChatGPT was one of the fastest consumer products to surpass the 100 million monthly user mark, just a few months after its inception. In addition, the firm boasted that its API is being used by over 2 million developers.

So, with this as the lead-up to the event, what more did OpenAI reveal?

During its first in-person event, OpenAI unveiled its new, more powerful GPT-4 Turbo AI model and a new feature that would allow users to create bespoke versions of ChatGPT. It is also reducing the prices that businesses and programmers must pay to use its software and future updates. #MakingAIAccessible

“The systems that are needed as you aggressively push forward on your road map require us to be on the top of our game, and we intend fully to commit ourselves fully to making sure you all... have not only the best systems for training and inference, but also the most compute,” Nadella told OpenAI CEO Sam Altman while onstage together. He added, “That’s the way we’re going to make progress.”

In case you were unable to attend, here is a rundown of the major announcements!

TechDogs-"Image of OpenAI CEO Sam Altman at the DevDay Event."
What were the highlights of OpenAI's inaugural developer event?
  • Custom GPTs

    OpenAI revealed that individuals can develop their own GPT for fun or productivity. Users can develop bots through prompts without coding and enterprise clients can create internal-only GPTs using the company's knowledge base. To import external data, developers can connect GPTs to databases or knowledge bases like emails, the company added.

  • GPT Store For User-created AI Chatbots

    OpenAI announced plans to let people publish GPTs to a shop later this month. Initial projects will be from “verified builders,” as mentioned by CEO Sam Altman and he also discussed paying employees tokens giving them access to popular GPTs.

  • GPT-4 Turbo

    At its developer event, the AI business introduced the GPT-4 Turbo, an upgraded version of the popular GPT-4. Open AI stated the new Turbo model has two versions: one for text analysis and one for text and image analysis. Text-only models cost $0.01/1,000 input tokens and $0.03/1,000 output tokens. Processing a 1080 x 1080 image using GPT-4 Turbo costs $0.00765.

    GPT-4 Turbo offers a context window of 128,000 tokens, or 100,000 words, four times larger than GPT-4. The new model's knowledge cutoff will be April 2023, compared to GPT-4's September 2021.

  • DALL-E 3 API

    DALL-E 3, OpenAI's text-to-image model, now has an API with moderation features. Output regulations span 1024x1024 to 1792x1024 in various forms. The model costs $0.04 per image from Open AI.

  • New API For AI Assistants

    OpenAI introduced an Assistants API at its first developer day to enable “agent-like experiences.” Develop agents that retrieve outside knowledge or call programming routines for a certain action. A coding helper and an AI-powered vacation planner are examples.

  • New Text-to-speech APIs

    OpenAI also revealed Audio API, a new text-to-speech API featuring six preset voices: Alloy, Echo, Fable, Onyx, Nova and Shimer. Two generative AI models are available for $0.015 per 1,000 input characters via the API.

That’s not all though. OpenAI CEO Sam Altman also promised to defend businesses from copyright allegations. OpenAI unveiled Copyright Shield, a program to safeguard businesses employing its products against copyright disputes. If customers using OpenAI's “generally available” developer platform and ChatGPT Enterprise, which leads to them facing IP claims against OpenAI-created content, the business will pay legal fees.

Microsoft, Google-backed Cohere, Amazon and IBM have also promised IP infringement indemnification.

As OpenAI unveils the latest AI marvels at its first developer event, are we seeing glimpses into the future of AI? How will other AI businesses respond to OpenAI’s innovative strides?

Let us know your thoughts in the comments section below!

First published on Tue, Nov 7, 2023

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