GPT-4 Turbo and Cheaper GPT-3.5 Turbo

Strengthening AI capabilities

OpenAI introduces a series of innovative developments, including an upgraded GPT-4 Turbo preview model and reduced prices for GPT-3.5 Turbo application programming interface (API) access. We’ve also introduced new features for API key management and usage tracking.

GPT-4 Turbo: Enhanced Performance

OpenAI’s latest release, the updated GPT-4 Turbo, shows significant improvements, especially in tasks such as code generation. This upgraded model aims to minimize “laziness” to ensure more reliable task completion.

GPT-3.5 Turbo: Affordable AI Access

OpenAI introduced the GPT-3.5 Turbo model, gpt-3.5-turbo-0125, with a significant price reduction, marking the third price reduction last year. The new model’s input price is reduced by 50% to $0.0005 per thousand tokens, and its output price is reduced by 25% to $0.0015 per thousand tokens. These adjustments are made to facilitate scalability for OpenAI customers.

User problem solving

December 2023 Following user complaints that ChatGPT is reluctant to accept tasks, OpenAI highlights the superiority of GPT-4 Turbo. While GPT-4 users relying on data up to September 2021 may still encounter occasional issues, GPT-4 Turbo benefits from improved performance and responsiveness by training on up-to-date data up to April 2023. You get

Introduction to Embedding

OpenAI introduces embeddings, smaller AI models that facilitate understanding and linking content. An embedding is a sequence of numbers that represents a concept in language or code. It serves as an AI tool that helps computers process written text more effectively and translate human language into a format that machines can understand.

Create search augmentation

A new AI approach known as Retrieval-Augmented Generation has been introduced. This technology improves response accuracy and relevance by giving AI systems quick access to reference material rather than generating responses from scratch. This is similar to having an AI that can consult a reference book to get answers, resulting in more accurate interactions.

A smarter, more efficient model

OpenAI provides two new models that leverage embeddings: “text-embedding-3-small” and “text-embedding-3-large”. The “small” and “large” labels indicate the capacity of the model, with the larger version being more premium. These models enable applications to efficiently retrieve and utilize information, making interactions with AI systems more accurate and valuable.

Competitive AI Models

OpenAI’s GPT-4 faces competition from AI models like Google’s Gemini, especially in the areas of advanced math and specialized coding tasks. While the Gemini performed well, some argue that comparing the more advanced versions of the Gemini to the GPT-4 Turbo may yield different results.

Monetize with personalized AI

OpenAI plans to enable GPT modelers to monetize their personalized AI systems. Rewards are based on user engagement with GPT along with initial availability for users of paid ChatGPT plans.