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OpenAI Release Updates
& Price Reduction

05/02/24

By:

Alison Piroe

OpenAI released a series of updates aimed at developers utilizing its technology.

OpenAI released a series of updates aimed at developers utilizing its technology. These updates included the introduction of new embedding models, reduced API pricing for the popular GPT-3.5 Turbo model, an improved preview version of GPT-4 Turbo with enhanced code generation capabilities, and expanded content moderation tools.


New Embedding Models: OpenAI introduced new embedding models, which represent text and code in a format digestible by computers. These models hold potential for various applications, including improved search and recommendation systems.


Reduced GPT-3.5 Turbo Pricing: Developers utilizing the GPT-3.5 Turbo model saw a welcome price reduction with input and output costs dropping by 50% and 25% respectively.


Improved GPT-4 Turbo (Preview): The preview version of GPT-4 Turbo, lauded for its code generation capabilities, received an update addressing a “laziness” issue. This fix ensures the model completes tasks more comprehensively, minimizing developer frustration and wasted time.


Enhanced Content Moderation Tools: Recognizing the importance of responsible AI development, OpenAI provided developers with new tools to manage API usage and filter potentially harmful content.


Affiliate Flash’s Take:


These advancements, coupled with the price reductions, suggest a democratization of AI potential, making it more widely available for various applications.


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