OpenAI Reduces Cost of GPT-3.5 Turbo and Previews GPT-4 Turbo with Vision
OpenAI is making headlines once again with major updates to its language models. The company recently announced the upcoming release of GPT-4 Turbo with vision, set to ship within the next few months. Alongside this exciting news, OpenAI has also slashed the cost of its GPT-3.5 Turbo model, aiming to make it more accessible to customers.
If you’re familiar with ChatGPT, chances are you’ve interacted with the GPT-3.5 Turbo model. OpenAI has adjusted the pricing for this model for the third time in a year, demonstrating their commitment to scaling and providing value to users. The company has cut input prices by 50%, amounting to $0.0005 per 1,000 tokens, and reduced output prices by 25%, equivalent to $0.0015 per 1,000 tokens.
Not only are users benefitting from a more affordable model, but OpenAI also promises improved accuracy and better responses. The updated GPT-3.5 Turbo model addresses a bug that previously caused issues with text encoding for non-English language function calls. Users will automatically receive the upgraded model two weeks after it becomes available.
In addition to the cost reduction for GPT-3.5 Turbo, OpenAI is introducing a preview model of GPT-4 Turbo. This new model complements GPT-4’s updated knowledge cutoff and larger 128k context windows, allowing it to tackle complex tasks, such as code generation, more effectively and accurately. OpenAI specifically designed the preview model to minimize laziness instances that hinder the model’s task completion. The company has also resolved a bug related to non-English UTF-8 generations.
Expanding beyond language models, OpenAI has also introduced two new embedding models that boast stronger performance compared to their predecessors. These advancements solidify OpenAI’s position as a frontrunner in the field of natural language processing.
Excitement builds as OpenAI announces the upcoming launch of GPT-4 Turbo with vision. While an exact release date has not been disclosed, the company assures customers that general availability is expected in the coming months. The integration of vision capabilities into their language models opens up a world of possibilities for applications ranging from image recognition to content generation.
OpenAI continues to push boundaries and deliver cutting-edge AI models. The cost reduction of GPT-3.5 Turbo and the upcoming release of GPT-4 Turbo with vision demonstrate the company’s commitment to advancing the field while making their models more accessible to users. As OpenAI constantly refines and improves its offerings, the possibilities for AI-driven applications and solutions continue to expand.
