OpenAI rolls out new generative text features GPT-3.5-turbo and GPT-4; cuts pricing – Times of India

ChatGPT maker OpenAI is upgrading its text-generating models while reducing pricing. The move seems to be in response to rising competition in the generative artificial intelligence (AI) space. OpenAI has announced the release of new versions of GPT-3.5-turbo and GPT-4. The new updates to GPT-4 is a capability called function calling that allows developers to describe programming functions to GPT-3.5-turbo and GPT-4 and have the models create code to execute those functions.
“These models have been fine-tuned to both detect when a function needs to be called … and to respond with JSON that adheres to the function signature,” OpenAI said in a blog post. “Function calling allows developers to more reliably get structured data back from the model,” it added.
According to the company, GPT-4-32k-0613 includes the same improvements as GPT-4-0613, along with an extended context length for better comprehension of larger texts. It also said that the company will call more from the waitlist to test the features. “With these updates, we’ll be inviting many more people from the waitlist to try GPT-4 over the coming weeks, with the intent to remove the waitlist entirely with this model,” the blog post said.
GPT-3.5-turbo-16k is claimed to offer 4 times the context length of GPT-3.5-turbo at twice the price: $0.003 per 1K input tokens and $0.004 per 1K output tokens. 16k context means the model can now support ~20 pages of text in a single request.
Gives privacy guarantee
Talking about security, the blog post said, “All of these models come with the same data privacy and security guarantees we introduced on March 1 — customers own all outputs generated from their requests and their API data will not be used for training.”