ChatGPT Creator OpenAI Hosts First Tech Showcase, Unveiling New AI Products
OpenAI, the company behind the popular chatbot ChatGPT, recently hosted its first big tech showcase, unveiling an array of new AI products. The showcase featured numerous additions and enhancements to their platform, accompanied by reduced pricing across various segments.
One of the highlights of this launch is the introduction of the GPT-4 Turbo model, representing a significant leap in capability and cost-effectiveness. This advanced model boasts a 128K context window, enabling it to process the equivalent of over 300 pages of text within a single prompt. Moreover, it demonstrates a substantial reduction in pricing, offering a 3x decrease in cost for input tokens and a 2x reduction for output tokens compared to its predecessor, GPT-4.
Other notable additions include:
- Function-calling feature: Allows users to articulate functions of their applications or external APIs to models. This enhancement now permits the calling of multiple functions in a single message, streamlining interactions. Additionally, the accuracy of function calls has been improved, enhancing the model's ability to return the correct function parameters.
- Assistants API: A significant step towards empowering developers to create agent-like experiences within their applications. Assistants are specialized AIs with specific instructions and the ability to call models and tools to perform tasks. This API offers capabilities like Code Interpreter and Retrieval, streamlining the development process for high-quality AI applications.
- Text-to-speech (TTS) API: Enables the generation of high-quality speech from text, offering a selection of six preset voices and two model variants optimized for real-time use cases and quality.
- Copyright Shield: A safeguard against legal claims related to copyright infringement. This initiative underscores OpenAI's commitment to protecting its customers and defending them against potential legal challenges.
The showcased products and features are set to be rolled out in phases, promising a new era of possibilities in the field of artificial intelligence.
In addition to the above, OpenAI also announced:
- GPTs: A new line of products that will enable users to make their own customized versions of ChatGPT for specific tasks.
- GPT-4V: A new version of its AI model called GPT-4 with vision, which enables the chatbot to analyze images.
- Custom Models program: Allows selected organizations to collaborate with OpenAI researchers to train custom GPT-4 models tailored to their specific domains.
- Reduced prices across the platform for GPT-4 Turbo, GPT -3.5 Turbo, and fine-tuned models.
ChatGPT has more than 100 million weekly active users and 2 million developers, spread “entirely by word of mouth,” OpenAI CEO Sam Altman said at the event.
The company's approach to AI development is one of "gradual iterative deployment" that leaves time to address safety risks.
OpenAI's DevDay comes a week after President Joe Biden signed an executive order that will set some of the first U.S. guardrails on AI technology.
The order requires AI developers likely to include OpenAI, its financial backer Microsoft, and competitors such as Google and Meta to share information with the government about AI systems being built with such “high levels of performance” that they could pose serious safety risks.
A lot of expectation is also riding on the economic promise of the latest crop of generative AI tools that can produce passages of text and novel images, sounds, and other media in response to written or spoken prompts.
OpenAI faces competition from a growing number of rivals, including Google's Bard, Anthropic's Claude, and billionaire Tesla CEO Elon Musk's Grok.
Shakir Bukhari


The showcased products and features are set to be rolled out in phases, promising a new era of possibilities in the field of artificial intelligence. The new initiative also safeguards against legal claims related to copyright infringement.
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