OpenAI announces the release of the GPT-3.5 Turbo model with reduced prices for improved scalability. The model introduces enhancements in accuracy and bug fixes. OpenAI also unveils an updated version of the GPT-4 Turbo preview model to address prior bugs. The ChatGPT Plus subscription model, powered by GPT-4, offers advanced features like voice interactions and interactive conversations. These developments aim to maintain OpenAI's precision and brand recognition in the competitive API community.
OpenAI
is set to reveal the GPT-3.5
Turbo
model, the powerhouse behind ChatGPT, while simultaneously initiating a third round of price reductions within the past year. In a recent update, OpenAI unveiled plans for a "new generation" of embedding models and tackled existing instances of "laziness" in their current models.
The GPT-3.5 Turbo model is slated for release next week, accompanied by a significant reduction in prices.
Input costs are poised for a noteworthy 50% decrease to $0.0005 per thousand tokens, with output costs set to undergo a 25% reduction to $0.0015 per thousand tokens. This strategic move by OpenAI aims to enhance scalability for customers, particularly as ChatGPT experiences heightened usage in analysing extensive datasets.
The price adjustments may also reflect OpenAI's continual efforts to refine and streamline its models in response to the intensifying competition within the
API
community.
GPT
models, including the upcoming GPT-3.5 Turbo, rely on token processing, where tokens represent character sequences within a text, enabling the model to comprehend relationships and generate subsequent tokens in a sequence.
The new GPT-3.5 Turbo model, internally designated as 0125, introduces various enhancements, including improved accuracy in responding to requested formats and bug fixes. It has solidified its position as an industry benchmark, establishing the standard for AI models striving to match OpenAI's precision and brand recognition.
OpenAI is also introducing an updated version of the GPT-4 Turbo preview model. This iteration addresses a prior bug linked to "laziness," ensuring more dependable completion of tasks. This announcement closely follows the reopening of sign-ups for ChatGPT Plus, a subscription model powered by GPT-4, providing monthly subscribers access to advanced features like voice interactions and interactive conversations with the chatbot.
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