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.

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OpenAI, an AI research and deployment company financially backed by Microsoft, has published a blog post urging caution and foresight for the development of artificial general intelligence (AGI), which is defined as AI that can perform any intellectual task that humans can.

The company, which was originally founded by a group of prominent tech entrepreneurs and researchers, including Elon Musk and Sam Altman, stated that AGI could have profound implications for humanity, both positive and negative. The blog post outlined some of the potential benefits of AGI, such as solving global challenges like climate change and poverty, as well as some of the potential risks, such as misalignment with human values and goals, malicious use by bad actors, and existential threats to human civilization.

OpenAI argued that achieving AGI would require careful planning and coordination among various stakeholders, including researchers, policymakers, industry leaders, civil society groups, and the general public. The company also called for more research on how to ensure that AGI is aligned with human values and can be controlled by humans. Additionally, OpenAI advocated for more transparency and accountability in AI development and deployment.

The organisation hopes for a global conversation about 3 key questions: how to govern these AI systems, how to fairly distribute the benefits they generate, and how to fairly share access.

The blog post was published as part of OpenAI’s mission to ensure that artificial intelligence benefits all of humanity. The company operates both a non-profit arm (OpenAI Inc.) and a for-profit arm (OpenAI LP) that share this vision. OpenAI is known for developing some of the most advanced AI systems in the world, such as GPT-4 (a natural language processing system), DALL-E (a generative image synthesis system), and its most recent viral hit, ChatGPT (a chatbot that is trained on a large language model based on information available on the Internet).

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