Despite OpenAI continuing to lead the AI race, the company hasn’t slowed its pace of development, continuing to modify, upgrade, and even release new technologies. The latest wave of updates includes highly anticipated changes including GPT-4 Turbo performance improvements and lower API cost.
Thursday, Unveiling OpenAI A series of updates, including an updated GPT-4 Turbo Preview. Despite being OpenAI’s most advanced AI model, GPT-4 Turbo was the subject of many complaints about its performance, including claims that it was lazy acting.
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OpenAI has addressed that issue by releasing an updated GPT-4 Turbo Preview model, gpt-4-0125-preview, which can better complete tasks such as code generation than the previous model. OpenAI says it can “even reduce cases of ‘laziness’ where the model does not complete a task.”
The company also shared a status update on the highly anticipated GPT-4 Turbo with Vision, which will be OpenAI’s most advanced model yet, sharing that it plans to launch the model for general availability in the coming months.
Next week, OpenAI will also introduce a new GPT-3.5 Turbo model, gpt-3.5-turbo-0125, which will make “various improvements,” according to OpenAI, including higher accuracy in responding to requested formats and a fix for text-encoding. Bug for non-English language function calls.
The price of the GPT-3.5 Turbo will also drop for the third time in the past year, with the input price of the new model reduced by 50% to $0.0005 per 1,000 tokens, while the output price is reduced by 25% to $0.0015 per 1,000 tokens. ..
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Tokens are used as the currency of OpenAI’s API to perform a task. The amount of tokens required to complete a task depends on the length of the input and output, and can often rack up quickly if you’re using ChatGPT for large chunks of text. The price reduction will help offset the cost of using ChatGPT for these applications
The latest update went to the free change API, which developers can use to detect potentially malicious text. OpenAI has released its most powerful moderation model, text-moderation-007.
In terms of new models, OpenAI has released two new embedding models: text-embedding-3-small model and text-embedding-3-large model. Embedding models represent text, natural language, or code as vectors, which help machine learning models understand relationships between content.