(CTN News) – On Monday, OpenAI, the maker of ChatGPT, is expected to announce a number of enhancements to its AI models, allowing them to be cheaper, as well as offering more functionality. This is the first time the company will hold a developer conference.
As OpenAI announces its ambition to expand beyond a consumer sensation to become a provider of a hit developer platform, CEO Sam Altman has teased attendees by teasing them with the promise of “some really exciting stuff to come.”.
There are hundreds of developers from all over the world attending the one-day event being held in a desolate part of San Francisco near City Hall. A burgeoning AI sector has been one of the bright spots in San Francisco’s economy, which has struggled to recover from the effects of the pandemic.
In November of last year, OpenAI kicked off a craze for generative artificial intelligence (AI) by releasing ChatGPT, the darling of Silicon Valley that is rapidly becoming one of the world’s fastest growing consumer applications after years of working in relative obscurity.
By utilizing past data, Generative AI can generate a variety of new content, such as full-fledged texts, images, and computer programs by manipulating past data.
With millions of dollars coming from Microsoft (MSFT.O), OpenAI has become for many the default version of generative AI, helping users generate term papers, contracts, travel itineraries, and even entire novels with generative AI.
In the coming days, OpenAI is expected to announce updates aimed at reducing development costs for its developers, as well as new vision features, according to previous reports from Reuters.
As partners attempt to build sustainable businesses by developing and selling AI software, cost cutting addresses the concern that the costs of OpenAI’s powerful models can pile up quickly as they try to build sustainable businesses.
OpenAI’s vision capabilities, which will enable the company’s software to analyze images and describe them, will allow developers to design applications that could serve a wide range of purposes, from entertainment to medicine, using the software.
A further announcement could be that the company will be able to fine-tune its most advanced AI model, GPT-4, which the company had previously promised would be coming in the fall.
These updates are designed to increase the number of companies that are using OpenAI’s technology to build AI-powered chatbots and autonomous agents that are capable of performing tasks without the need for human intervention.
It is one of the most important strategic objectives for Altman to make OpenAI indispensable to other companies building apps, sources familiar with his thinking said