OpenAI unveiled GPT-4 Turbo, which the company is hailing as its most powerful artificial intelligence model to date, at its first annual developer day event on Monday.
The Microsoft Corporation (NASDAQ:MSFT)-backed company also showcased software allowing users to create their own variations of ChatGPT and announced price cuts on the fees that developers pay for its software.
GPT-4 Turbo can provide answers using information as new as April 2023, compared to the previous cutoff of January 2022. It can also handle longer inputs, up to 300 pages of text from 3,00 words previously. That makes it possible to summarize entire books.
GPT-4 now also supports images generated by DALL-E 3, as well as text-to-speak capabilities with six preset voices.
GPT-4 Turbo is currently available in preview for developers and will be released to the public in the coming weeks, the company said.
The keynote address from OpenAI CEO Sam Altman featured an appearance from Microsoft CEO Satya Nadella. Earlier this year, Microsoft invested an additional $10 billion in OpenAI.
“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 said to Altman onstage.
Building your own GPT
The ability to train a custom chatbot will now be available to more than just enterprise and business clients, OpenAI said.
“Anyone can easily build their own GPT—no coding is required,” the company said in a statement. “You can make them for yourself, just for your company’s internal use, or for everyone. Creating one is as easy as starting a conversation, giving it instructions and extra knowledge, and picking what it can do, like searching the web, making images or analyzing data.”
Developers can make their chatbots private, release them to the public, or potentially profit from them by making them available in the new GPT Store in the coming months.
“Once in the store, GPTs become searchable and may climb the leaderboards,” the company said. “We will also spotlight the most useful and delightful GPTs we come across in categories like productivity, education, and ‘just for fun.’”
Remarkably, more than 92% of Fortune 500 companies use ChatGPT, the company said, up from 80% in August. That leaves a lot of room for potential developers to find buyers for their chatbots down the line.
Meanwhile, OpenAI also announced that it would cut the cost of GPT-4 input tokens by 3x to $0.01 and output tokens by 2x to $0.03.
Altman also announced an OpenAI copyright shield, telling attendees that the company would pay the costs incurred by users should they face legal claims around copyright infringement. Microsoft, Google and Adobe have made similar pledges in the past.
Shares of Microsoft traded 0.8% higher Monday afternoon.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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