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  • Writer's pictureSarah Ruivivar

OpenAI Slashes Prices, Fixes 'Lazy' GPT-4: What's Next?

Image credits: Zac Wolff / Unsplash

Here's some good news for developers and AI enthusiasts! OpenAI, the leading artificial intelligence lab, has recently announced some exciting changes to its models and pricing.

Firstly, they've significantly reduced the price of API access. This move is particularly beneficial for developers who frequently interact with GPT-3.5 Turbo, the popular model behind ChatGPT. OpenAI has slashed the input prices by a whopping 50% and output by 25%, making it even more cost-effective for users.

Why the price cut, you ask? Well, as more users experiment with text-intensive applications, like analysing entire papers or books, the tokens (units of text processed by the model) can quickly pile up. To ensure customer loyalty and keep up with the increasingly competitive open-source or self-managed models, OpenAI is strategically lowering its prices.

But that's not all! GPT-3.5 Turbo is also getting a new model version, 0125, that includes "various improvements". While OpenAI has been a bit hush-hush about the specifics, any update is a step forward, right?

Now, let's talk about the 'lazy' GPT-4 Turbo. OpenAI has released a new preview model, also 0125, designed to complete tasks like code generation more thoroughly. This update aims to reduce instances of 'laziness', where the model doesn't complete a task. It seems like the AI was picking up some bad habits from us humans, eh?

For those eagerly waiting, GPT-4 Turbo with vision (GPT-4 V) is set to launch to general availability in the coming months.

In addition to these, OpenAI has released new and improved text embedding models for the tech-savvy users and an updated version of its free moderation API, which identifies potentially harmful text.

So, what's next for OpenAI? We'll have to wait and see. But one thing's for sure - it's an exciting time to be in the AI space!

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