OpenAI’s GPT-4 Turbo: Cheaper, smarter AI now with 100 million active weekly users

OpenAI, the new tech giant at the forefront of artificial intelligence (AI), has just upped the ante with its GPT-4 Turbo, announced at a notable event on Monday. This new AI powerhouse boasts enhanced capabilities and is set to revolutionize how developers create bespoke versions of the widely popular ChatGPT bot.

The tech giant is also making moves to be more wallet-friendly by slashing the prices for its software usage. In the AI world, where giants like Google and Meta are fighting for their pie, OpenAI is rapidly advancing its tech offerings. OpenAI's statistics are impressive, with a weekly user base of 100 million and a significant presence across numerous Fortune 500 companies.

A surprise guest, Microsoft CEO Satya Nadella also appeared on the stage, signaling strong ongoing support to OpenAI and a commitment to provide the best computing resources for AI development. Earlier in the year, Microsoft had fueled OpenAI with an additional $10 billion, marking a record investment in the sector.

Altman highlighted that the innovations were sparked by developer feedback, aiming to tailor their tech to users' needs. While there's buzz around the future GPT-5, Altman did not commit to a release timeline.

Here’s a glimpse of what's new with OpenAI:

GPT-4 Turbo: This iteration is not only more responsive but also up-to-date with knowledge until April 2023, unlike previous versions that stopped at January 2022. Its capacity for longer inputs — up to 300 pages — means it can summarize medium size books. GPT-4 Turbo also pairs with DALL-E 3 for image generation and offers a text-to-speech feature with multiple voice options. Developers can access GPT-4 Turbo now, with a wider release expected soon. The cost to use it has also dropped, meaning more data for less money.
Personalized Chatbots for All: OpenAI is democratizing the creation of customized chatbots, extending this power from businesses to individual users.

The goal is to enable easy development of AI "agents" that can perform tasks from web searching to creating images. This move is expected to see AI chatbots become even more integrated into apps and websites we use daily.

Launching a Marketplace: With users now able to craft their AI chatbots, OpenAI is also introducing a marketplace. The GPT Store will allow creators to share and monetize their GPT creations. Performance in the store can lead to financial rewards, with OpenAI sharing a portion of the revenue.

Simplified Tool Access: OpenAI has streamlined access to its suite of AI tools, merging them into one hub. This simplifies the user experience, allowing seamless navigation between image generation, browsing, data analysis, and PDF search capabilities.

Copyright Protection: Lastly, in light of increasing legal concerns around AI and copyright, OpenAI has committed to backing its customers legally and financially should copyright claims arise.

In essence, OpenAI is charting a course where intelligence is the commodity and intelligent agents the future, with the company looking to stay at the pinnacle of AI innovation.

Read next: These Are The Best ChatGPT Alternatives To Try In 2024
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