After ChatGPT had achieved over 100 million users in just under 2 months, OpenAI, the company behind the viral chatbot service, announced today that the organisation will be releasing ChatGPT’s AI model to the public, with prices 10 times cheaper than its predecessor.
For context, ChatGPT runs on OpenAI’s GPT 3.5 model, which itself is a refresh of OpenAI’s GPT 3 learning model. And the APIs (application programming interfaces) that OpenAI released for the public today is based on the company’s GPT 3.5 Turbo model, which is the same as the current ChatGPT model.
OpenAI announced in the blog post that through a series of system-wide optimizations, the organisation managed to achieve a 90% cost reduction for ChatGPT since December and that it is now passing through those savings to API users and developers in the public.
The newer March 1st GPT 3.5 Turbo model is now priced at $0.002 per 1k tokens, which is 10x cheaper than OpenAI’s existing GPT-3.5 models. OpenAI also claims that GPT 3.5 Turbo is the company’s best model for many non-chat use cases as the company has seen early clients migrate from GPT 3 (text-davinci-003) to GPT 3.5 Turbo (gpt-3.5-turbo) with only a small amount of adjustment needed to their prompts.
Besides releasing its latest chat-based large language model, OpenAI also announced its latest Whisper AI model as well, which brings better speech-to-text capabilities to its newest API. Whisper, the speech-to-text model OpenAI open-sourced back in September 2022, has been upgraded to a larger version 2 model, which is now available through OpenAI’s APIs.
Whisper API is available through the organisation’s transcriptions (transcribes in source language) or translations (transcribes into English) endpoints, and accepts a variety of formats (m4a, mp3, mp4, mpeg, mpga, wav, webm). OpenAI has set the price at $0.006 per minute.
The launch today also revealed OpenAI has already made its latest March 1st API available to early clients such as Snapchat with its new ChatGPT AI-powered chatbot. Concluding the announcement, OpenAI hopes its new AI models made public to developers today will lead to numerous applications that everyone can benefit from.
RELATED:
- OpenAI Warns Humanity of Existential Risks from Artificial General Intelligence
- Microsoft Updates Bing’s Friendliness and It Clearly Explains That It Is Not Sentient and Feel No Emotions
- Get the latest Realme GT Neo 5 (240W) for $599 on Giztop
- Microsoft Introduces Bing’s ChatGPT to iOS, Android, and Skype, Alongside New Voice Functionality
(Source)
