OpenAI will use its inaugural developer conference to showcase cheaper and more powerful models

 OpenAI will use its inaugural developer conference to showcase cheaper and more powerful models

OpenAI CEO Sam Altman has teased delegates with the promise of "some great new stuff" at the conference, signaling the company's goal to grow beyond being a consumer phenomenon and become a supplier of a popular developer platform.

Following years of relative obscurity, OpenAI unleashed ChatGPT, the beloved chatbot of Silicon Valley, in November of last year, sparking the generative AI frenzy and making it one of the fastest-growing consumer apps globally.

At its first-ever developer conference on November 6, OpenAI, the company that makes ChatGPT, is anticipated to reveal product improvements that would make its AI models more affordable and useful.

OpenAI CEO Sam Altman has teased delegates with the promise of "some great new stuff" at the conference, signaling the company's goal to grow beyond being a consumer phenomenon and become a supplier of a popular developer platform.

Hundreds of developers from across the globe are attending the one-day event, which is being held in a lonely section of San Francisco next to City Hall. The economy of San Francisco, which has had difficulty recovering from the epidemic, has shown promise in the growing field of artificial intelligence.

Following years of relative obscurity, OpenAI unleashed ChatGPT, the beloved chatbot of Silicon Valley, in November of last year, sparking the generative AI frenzy and making it one of the fastest-growing consumer apps globally. Using historical data, generative AI may produce completely original material, such as fully formed text, graphics, and software code.

OpenAI, which has received billions of dollars in funding from Microsoft, is now often used as the standard form of generative AI, enabling users to create term papers, contracts, travel schedules, and even whole novels.

According to a recent report by Reuters, OpenAI is anticipated to reveal improvements aimed at reducing expenses for its developers as well as additional vision capabilities. Reducing expenses tackles a significant worry for associates, whose expenses on OpenAI's potent models may rapidly mount when they endeavor to establish enduring enterprises via the creation and distribution of AI software.

Developers will be able to create apps with new uses in industries ranging from entertainment to medical thanks to OpenAI's vision capabilities, which will allow its software to analyze and explain pictures.

The business previously said that its most sophisticated AI model, GPT-4, would be available for fine-tuning in the autumn. This might be another announcement.

The goal of these upgrades is to incentivize businesses to use OpenAI's technology to develop AI-driven chatbots and autonomous agents that can carry out activities without the need for human participation. According to those familiar with Altman's thinking, one of his top strategic goals is to make OpenAI useful to other businesses developing applications.