Microsoft-backed OpenAI announces GPT-4 Turbo, its most powerful AI yet

  • OpenAI announced the GPT-4 Turbo AI model, which provides answers with context up to April 2023 and accepts inputs of up to 300 pages.

  • The new model supports DALL-E 3 AI-generated images and text-to-speech, with six preset voices to choose from.

  • OpenAI is cutting prices for developers, making GPT-4 Turbo input tokens 3x cheaper and output tokens 2x cheaper.

  • ChatGPT now allows anyone to create custom versions of the chatbot, expanding beyond enterprise and business offerings.

  • OpenAI‚Äôs announcements show its efforts to stay ahead of rivals in the AI arms race.

  • ChatGPT has 100 million weekly active users, with over 92% of Fortune 500 companies using the platform.

  • OpenAI received a $10 billion investment from Microsoft and closed a $300 million share sale earlier this year.

  • The company was reportedly in talks for a deal that could value it at $80 billion.