OpenAI debuted what it called the most powerful version of its artificial intelligence (AI) tool.
The GPT-4 Turbo AI model, announced Monday (Nov. 6) at the company’s first in-person event, is the latest version of the AI offering OpenAI introduced in March and comes amid a hectic period for AI product launches.
“GPT-4 Turbo is more capable and has knowledge of world events up to April 2023,” OpenAI wrote in a blog post. “It has a 128k context window so it can fit the equivalent of more than 300 pages of text in a single prompt.”
In addition to GPT-4 Turbo, the company said in the post it will lower prices charged to developers using its software and will begin letting them create custom versions of GPT-4.
The company’s ChatGPT now has around 100 million weekly active users, with more than 92% of Fortune 500 companies using the platform, compared to 80% in August, company officials said Monday, per a report by CNBC.
The report said the event included a surprise visit by Satya Nadella, CEO of Microsoft, one of OpenAI’s biggest backers.
“The systems that are needed as you aggressively push forward on your road map require us to be on the top of our game, and we intend fully to commit ourselves fully to making sure you all… have not only the best systems for training and inference, but also the most compute,” Nadella told OpenAI CEO Sam Altman. He added, “That’s the way we’re going to make progress.”
The launch comes one day after a report that Microsoft and its cloud computing rivals Amazon and Google are increasing their capital spending to meet rising demand for generative AI.
Capital spending by the three tech giants jumped to a combined $42 billion for the three months up to September, up 10% from the prior quarter. Analysts predict further increases in cloud spending next year.
Executives from the three companies have said large amounts of the capital budgets are being earmarked for generative AI systems that require vast levels of computing and data power.
This weekend also saw Elon Musk’s xAI debut its own AI model, Grok, which is integrated into one of Musk’s other businesses: social media platform X, formerly known as Twitter.
For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.
The post OpenAI Debuts ‘Turbo’ Version of ChatGPT first appeared on PYMNTS.com.
