OpenAI has recently announced adjustments to its models and pricing, addressing issues and enhancing user experience. Notably, the company has reduced the cost of API access, which is particularly relevant for developers and indicative of potential future trends for consumer applications. The GPT-3.5 Turbo model, widely used and often through ChatGPT, now has reduced input and output prices by 50% and 25% respectively, making it more accessible and cost-effective for extensive text analysis tasks.
Moreover, OpenAI has introduced a new version of the GPT-3.5 Turbo model and a preview model of GPT-4 Turbo, both with various improvements. The updates aim to enhance performance and address previous issues, such as the ‘laziness’ observed in GPT-4 Turbo, where the model occasionally failed to complete tasks. This update is expected to improve task completion, particularly in areas like code generation.
In the coming months, OpenAI plans to launch GPT-4 Turbo with vision (GPT-4 V), along with new and improved text embedding models. The company has also released a new version of its free moderation API, which identifies potentially harmful text, contributing to safer online environments.
These changes reflect OpenAI’s commitment to improving its offerings and maintaining its competitive edge, especially as open-source or self-managed models continue to evolve. The price adjustments and model enhancements are designed to benefit developers and end-users alike, ensuring the continued relevance and utility of OpenAI’s products in a rapidly advancing AI landscape.