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  • tech360.tv
    • Nov 6, 2023
    • 2 min read

OpenAI to Enhance Models for Increased Affordability and Power at Developer Conference

Updated: Dec 18, 2023

OpenAI, the creator of ChatGPT, is set to unveil product enhancements at its inaugural developer conference on Monday.

OpenAI
Credit: OpenAI

The company aims to make its AI models more affordable and functional, signaling its transition from a consumer-focused entity to a provider of a robust developer platform. CEO Sam Altman has teased attendees with the promise of exciting new developments.


The conference, taking place in San Francisco, has attracted hundreds of developers from around the world. The AI sector has been a beacon of hope for the city's economy, which has been grappling with the aftermath of the pandemic.

OpenAI gained widespread recognition last year with the release of ChatGPT, a generative AI chatbot that quickly became a sensation in Silicon Valley. Generative AI technology has the ability to create new content, such as text, images and code, based on past data.


With substantial backing from Microsoft, OpenAI has become the go-to choice for generative AI. Users have leveraged its powerful models to generate term papers, contracts, travel itineraries and even entire novels.


At the conference, OpenAI is expected to announce updates aimed at reducing costs for developers and introducing new vision capabilities. The cost-cutting measures address concerns from partners who have been wary of the expenses associated with utilising OpenAI's powerful models to build sustainable AI software businesses.


The vision capabilities will enable OpenAI's software to analyse and describe images, opening up new possibilities in fields ranging from entertainment to medicine. Additionally, there may be an announcement regarding the fine-tuning of GPT-4, OpenAI's most advanced AI model, which was previously slated for release in the fall.


These updates are strategically designed to position OpenAI as an indispensable technology provider for companies seeking to develop AI-powered chatbots and autonomous agents capable of performing tasks without human intervention. Altman views this as a crucial objective for the company's growth and influence.

 

  • OpenAI is set to announce product enhancements at its first developer conference.

  • The company aims to make its AI models more affordable and functional.

  • The conference has attracted developers from around the world.

Source: REUTERS

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