(Bloomberg) — OpenAI is currently allowing users to generate custom versions of ChatGPT to achieve specific individual and business tasks as the AI startup strives to outperform its competitors in a progressively crowded market.
Thank you for reading this post, don't forget to subscribe!Most read from Bloomberg
On Monday, the company announced that users will now have the option to create their own distinctive variations of ChatGPT, referred to simply as GPT, which could assist in teaching mathematics to a child or elucidating the regulations of a board game. The company stated that no coding is necessary. OpenAI also intends to introduce a marketplace later this month where users can discover customized GPTs developed by other users—similar to how they can monetize their own creations in Apple Inc.’s App Store. Are.
During its inaugural developer conference on Monday, OpenAI also unveiled a preview version of GPT-4 Turbo, an enhanced and more expedient iteration of its most recent extensive language model, which underlies ChatGPT. There is a method to achieve this.
ChatGPIT was released to the public a year ago this month, provoking a worldwide frenzy surrounding all things AI. Currently, almost 100 million individuals employ ChatGPT on a weekly basis, and over 90% of Fortune 500 businesses are constructing tools on OpenAI’s platform, as stated by the company during the conference. Nevertheless, the creator of ChatGPIT also faces competing products from well-supported AI startups, tech behemoths, and recently, Elon Musk, an early supporter of OpenAI.
For OpenAI, the conference provides an opportunity to demonstrate the extent of its influence within the developer community. Convening developer conferences is likewise standard for prominent tech corporations, including Apple, Google (part of Alphabet Inc.), and Meta Platform Inc.’s Facebook. Frequently, these yearly events furnish tech companies with the chance to provide a preview of significant software or product updates.
Sam Altman, CEO of OpenAI, delivered the keynote presentation onstage at the event. At one juncture, he was joined by Satya Nadella, CEO of Microsoft Corp., an OpenAI supporter. Nadella commended their partnership—even considering that the companies are vying for business customers.
OpenAI proclaimed that the Turbo version of GPT-4 was devised using a plethora of online data dating back to April of this year, endowing it with heightened awareness of current affairs. The original version of GPT-4 had access to data extending back to September 2021, although the company implemented a feature this year enabling ChatGPT users to browse the internet for obtaining the most up-to-date information.
“We share your frustration—possibly even more so—that GPT-4’s knowledge of the world concluded in 2021,” stated Altman onstage at the conference. “We will strive to never let it become outdated again.”
OpenAI disclosed that the Turbo iteration of ChatGPT will have the capability to process and respond to lengthier prompts from users. In contrast, the company’s GPT-4 model is confined to approximately 50 pages of text. The company indicated that utilizing Turbo will also be more cost-effective for developers.
Initially established in 2015, OpenAI has introduced multiple AI models over the years. This technology has become more efficient in what is referred to as generative AI—software capable of assimilating a succinct written prompt and generating content in response, be it written text or photorealistic images.
Some individuals already utilize OpenAI’s tools for composing songs, drafting emails, submitting homework assignments, and producing children’s books. Nonetheless, OpenAI and its competitors have also engendered a fresh wave of apprehension pertaining to copyright issues. On Monday, OpenAI declared that it would assume any expenses users incur from allegations of copyright infringement. Microsoft and Google have taken similar measures in the past.
OpenAI’s event took place in close proximity to San Francisco’s Hayes Valley neighborhood, humorously dubbed “Cerebral Valley” by some due to the growing concentration of AI startups in the area. The venue, SVN West, is a multi-story event space that, in its previous incarnations, functioned as a ballroom and, most recently, a Honda dealership.
(Updated with Altman’s remarks in paragraph eight)
Most Read from Bloomberg Businessweek
©2023 Bloomberg LP
Source: finance.yahoo.com
