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OpenAI, with Microsoft's support, introduces GPT-4 Turbo, its most advanced AI to date

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OpenAI Unveils GPT-4 Turbo: A Game-Changing AI Model

OpenAI, led by CEO Sam Altman, made a groundbreaking announcement during its first in-person event. The company introduced GPT-4 Turbo, its latest and most powerful artificial intelligence (AI) model. This new model addresses the limitations of previous versions by providing answers with context up to April 2023, compared to the previous cut-off date of January 2022. GPT-4 Turbo can now offer more accurate and up-to-date information, enhancing its capabilities as a knowledge-based AI system.

Enhanced Features and Capabilities

GPT-4 Turbo boasts several notable improvements. It accepts significantly more input, allowing users to provide inputs of up to 300 pages in length, compared to the previous limit of about 3,000 words. This expanded capacity enables users to request summaries of entire books or extensive documents. Additionally, GPT-4 Turbo supports DALL-E 3 AI-generated images and text-to-speech functionality. It offers six preset voices, providing users with the option to choose the voice that delivers responses to their queries.

Availability and Pricing

OpenAI has made GPT-4 Turbo available in preview for developers, with a full release planned in the coming weeks. The company has also taken steps to make its AI models more accessible by reducing prices for developers. The input tokens for GPT-4 Turbo are now 3 times cheaper than its predecessor, priced at $0.01, while output tokens are 2 times cheaper at $0.03. This pricing adjustment aims to provide cost savings for companies and developers utilizing the AI models extensively.

Empowering Personalized Chatbots

OpenAI has expanded the capabilities of its popular ChatGPT chatbot by introducing a personalized chatbot builder. Previously, only enterprise and business users could train and customize ChatGPT for specific industries and use cases. Now, anyone can create their own custom chatbots without the need for coding. OpenAI aims to tap into the growing demand for personalized AI tools, allowing users to easily build chatbots tailored to their needs, whether for personal use, internal company purposes, or public availability.

OpenAI's App Store and Legal Support

With the launch of the GPT Store, OpenAI provides creators of custom GPTs the opportunity to make their models available for public download. In the future, creators will have the chance to earn money based on their models' usage numbers. OpenAI plans to curate and highlight the most useful and delightful GPTs in various categories, such as productivity, education, and entertainment. Additionally, OpenAI has taken a proactive stance on legal issues, pledging to defend its customers and cover legal costs related to copyright infringement claims. In summary, OpenAI's introduction of GPT-4 Turbo showcases the company's commitment to innovation and addressing user needs. The enhanced features, availability, and pricing adjustments make AI models more accessible to developers. The expansion of personalized chatbot capabilities and the introduction of OpenAI's App Store open up new avenues for users and creators. With its strong focus on legal support, OpenAI aims to foster a supportive environment for its customers.

Implications of GPT-4 Turbo for New Businesses

The introduction of OpenAI's GPT-4 Turbo, a powerful AI model, could have profound implications for new business formations. The model's ability to provide answers with context up to April 2023, as opposed to the previous cut-off of January 2022, allows for more accurate and up-to-date information. This enhanced capability could prove invaluable for new businesses seeking to leverage AI for knowledge-based applications.

Expanded Input and Accessibility

GPT-4 Turbo's capacity to accept inputs of up to 300 pages in length, a significant improvement from the previous limit of 3,000 words, opens up new possibilities for businesses. This could enable new ventures to utilize AI for summarizing extensive documents or books. Furthermore, OpenAI's decision to make GPT-4 Turbo available in preview for developers and reduce its pricing could make AI more accessible for startups operating on tight budgets.

Personalized Chatbots: A Game Changer?

OpenAI's introduction of a personalized chatbot builder could revolutionize the way businesses interact with their customers. The ability for anyone to create custom chatbots without the need for coding could empower new businesses to tailor chatbots to their specific needs. This could lead to more personalized customer interactions and improved customer service.

The GPT Store: A New Revenue Stream?

The launch of the GPT Store, which allows creators of custom GPTs to make their models available for public download and potentially earn money based on usage numbers, could provide a new revenue stream for businesses. This could incentivize new businesses to invest in creating innovative and useful GPTs. Additionally, OpenAI's commitment to legal support could provide reassurance for new businesses concerned about potential legal issues related to copyright infringement.
Story First Published at: https://www.cnbc.com/2023/11/06/openai-announces-more-powerful-gpt-4-turbo-and-cuts-prices.html
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