During OpenAI’s first-ever development event, the company announced many new features for their popular AI, ChatGPT. Most internet users have heard of ChatGPT, and it’s probably the most well-known AI tool. So, what’s new?
At this conference, the company's CEO, Sam Altman, announced a new model for ChatGPT, called GPT-4 Turbo. With this upgraded product comes many new features; read on to learn more about the latest developments.
What Is GPT-4 Turbo?
GPT stands for generative pertained transformers. ChatGPT is a popular kind of GPT that generates information and gathers knowledge based on user prompts and questions.
OpenAI, which created ChatGPT, has been updating this AI ever since it first rolled out in beta. Starting in 2023, OpenAI improved the algorithm from version GPT-3.5 to version GPT-4.
GPT-4 Turbo is the new and improved algorithm jumping off of GPT-4. Most likely, this newer version will be available to the ChatGPT Plus members first, and from there, it will become available to all users.
Important Updates From GPT-4 Turbo
Now that you know the basics of what GPT-4 is and what it’s for, there are some important updates and key takeaways from the OpenAI event. Here are the four essential things you need to know about GPT-4 Turbo.
An exciting feature of the Turbo version is that it will allow for much longer prompts. Now, users can be nearly as detailed as they could want, as GPT-4 Turbo will allow for up to 128,000 tokens of context. Roughly, this translates to around 300 book pages worth of words.
With this ability, users can now enter in documents and much more for ChatGPT to analyze.
Updated Knowledge Base
With GPT-4, the AI only had information about the world up to September 2021. One major update with GPT-4 Turbo is that the AI will now have information through April 2023.
This will improve answers to ensure accuracy, which is a huge deal for anyone using ChatGPT.
More Tools In One Place
With the current GPT-4 model, users are directed to a dropdown menu to select the chatbot tools they want. Many users have found this feature frustrating and confusing.
With GPT-4 Turbo, the chatbot will do this automatically. For example, if you are asking for an image, it will pick Dall-E 3 to develop your prompt.
While cost isn’t an issue for the casual user, it’s on the minds of many developers. ChatGPT can be expensive for those using the application programming interface.
To help mitigate this impact, OpenAI now offers prices of one cent for every thousand prompt tokens as well as three cents for every thousand completion tokens.
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