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OpenAI Unveils Updated API with Enhanced Function Calling Capabilities

By: Aryan Sharma

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OpenAI has announced updates to its API, which includes improved function calling capabilities and reduced costs for its services. The company has introduced changes to its application programming interface (API) that allows developers to build chatbots or applications that interact with external tools and APIs, making it easier for them to perform specific tasks. The updates also make for more steerable versions of GPT-4 and GPT-3.5 models, giving developers greater control over their output. OpenAI is also offering a new 16k context version of GPT-3.5 Turbo. The pricing of the Embeddings model has been reduced by 75% to $0.0001 per 1k tokens. The GPT-3.5 Turbo model has been reduced by 25% to $0.0014 per 1k input tokens and $0.002 per 1k output tokens. The company behind ChatGPT also announced up to 25% lower prices effective immediately.

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Frequently Asked Questions (FAQs) Related to the Above News

What updates has OpenAI announced for its API?
OpenAI has announced improved function calling capabilities and reduced costs for its services.

What can developers build using OpenAI's API?
Developers can build chatbots or applications that interact with external tools and APIs, making it easier for them to perform specific tasks.

What changes have been made to OpenAI's API to improve function calling?
OpenAI has introduced changes to its API that allows for more steerable versions of GPT-4 and GPT-3.5 models, giving developers greater control over their output.

What new version of GPT-3.5 has OpenAI introduced?
OpenAI is offering a new 16k context version of GPT-3.5 Turbo.

How much has the pricing for OpenAI's Embeddings model been reduced by?
The pricing of the Embeddings model has been reduced by 75% to $0.0001 per 1k tokens.

What is the new pricing for OpenAI's GPT-3.5 Turbo model?
The GPT-3.5 Turbo model has been reduced by 25% to $0.0014 per 1k input tokens and $0.002 per 1k output tokens.

How much lower have the prices for ChatGPT been reduced by?
The company behind ChatGPT has announced up to 25% lower prices effective immediately.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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Aryan Sharma
Aryan Sharma
Aryan is our dedicated writer and manager for the OpenAI category. With a deep passion for artificial intelligence and its transformative potential, Aryan brings a wealth of knowledge and insights to his articles. With a knack for breaking down complex concepts into easily digestible content, he keeps our readers informed and engaged.

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