OpenAI Reduces Costs of ChatGPT Models Again

OpenAI has announced that it is reducing the costs of running its ChatGPT models once again. As a part of this update, developers can now create chatbots that incorporate external tools, help to convert natural language to API calls and database queries, and can extract structured data from texts. OpenAI has also stated that it is almost ready to remove the waitlist for GPT-4 API and will invite more people from the list in the coming weeks. However, the model has attracted scrutiny and concern as a group of over 31,000 people have called for AI labs to halt the training of AI systems more powerful than GPT-4 to better understand the risks of deploying this technology at scale. Sam Altman, OpenAI’s CEO, has been an advocate for AI regulation and has appeared before leaders at The White House, G7, Congress, and other global events. Despite the risks identified by its CEO, OpenAI continues to iterate its models, making them more accessible. However, the company received pushback from Italy for temporarily banning OpenAI from their region due to customer data exposure caused by an open-source library bug. The European Union has voted for the AI Act legislation, which includes rules that companies must follow while designing, developing, and promoting AI models, thus closer towards regulating AI. OpenAI acknowledged that there are risks associated with their models and stated that they are working to mitigate these and other risks by suggesting developers protect their applications by using only trusted tools’ information and including user confirmation steps before making a real-world impact.