April 19, 2024
OpenAI Enhances GPT-4 and Slashes GPT-3.5 Turbo Prices

OpenAI Enhances GPT-4 and Slashes GPT-3.5 Turbo Prices

OpenAI has unveiled new models, including the updated GPT-4 Turbo preview, and reduced prices for GPT-3.5 Turbo API access. The GPT-4 Turbo aims to enhance code generation tasks, reducing instances of ‘laziness.’ The GPT-3.5 Turbo model, gpt-3.5-turbo-0125, sees a 50% reduction in input prices to $0.0005 per thousand tokens and a 25% cut in output prices to $0.0015 per thousand tokens.

OpenAI addresses user concerns about task declination by introducing embeddings, which are sequences of numbers representing concepts in language or code. Retrieval-augmented generation, utilizing these embeddings, ensures more accurate and relevant responses.

In addition to the GPT models, OpenAI has released two new tools, “text-embedding-3-small” and “text-embedding-3-large,” leveraging embeddings for efficient information retrieval. These tools act like advanced translators, enhancing the understanding of human language for more accurate AI interactions.

OpenAI faces competition from Google’s Gemini, which outperformed GPT-4 in advanced math and specialized coding. OpenAI plans to introduce a GPT store for creators to monetize personalized AI systems based on user engagement, starting with paid ChatGPT plans.

Photo by Sanket Mishra

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