OpenAI hosts its first-ever developer conference; Know the 10 key announcements from DevDay

tech.hindustantimes.com:

OpenAI, which is largely credited for the generative artificial intelligence frenzy that started after the launch of its ChatGPT chatbot, just concluded its first-ever developer conference. The event, DevDay 2023, was hosted from the SVN West facility in San Francisco, the same city where it is headquartered. Company CEO Sam Altman came on the stage at the start of the keynote session and highlighted the major milestones achieved by the company as well as the way forward. Some key announcements were also made during the event, including the new GPT-4 Turbo, and a new GPT Store. Let us check out the 10 key announcements made during the event.

1. Sam Altman said that 100 million people are using ChatGPT every week. He also highlighted that 92 percent of the Fortune 500 companies and more than 2 million developers were working with APIs of GPT models.

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2. GPT-4 Turbo: GPT-4 Turbo will be the latest iteration of the company's GPT series of LLMs. The new model has 128,000 token context window and features “better world knowledge” compared to its predecessor. The higher number of token window also ensures that longer and more detailed prompts can be written for it. It accepts images as input, can generate human-quality speech, and has two variants: a text-only version, and a text + images variant.

3. Cheaper LLM: Altman has also made GPT-4 Turbo cheaper than its predecessor. Highlighting that developers told the company that GPT APIs would be used more if they were cheaper, he said that the upcoming LLM would be 3x cheaper for input tokens and 2x cheaper for output tokens. The company is also working on the model's speed to make it “a lot faster”.

4. ChatGPT information update: The chatbot