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Nov 3 – OpenAI, the creator of ChatGPT, is set to unveil product enhancements at its inaugural developer conference on Monday. The company aims to make its AI models more affordable and functional in a bid to establish itself as a leading developer platform. OpenAI CEO Sam Altman has built anticipation for the event, promising “some great new stuff” to attendees.
The one-day conference, taking place in a secluded area near San Francisco’s City Hall, has attracted developers from across the globe. The growing AI sector has been a silver lining for San Francisco’s struggling economy, particularly in light of the ongoing pandemic.
OpenAI rose to prominence last November with the release of ChatGPT, a generative AI chatbot that rapidly gained popularity in Silicon Valley and became one of the fastest-growing consumer applications globally. Generative AI utilizes historical data to create original content, ranging from text to images and software code.
Fueled by significant investments from Microsoft, OpenAI has emerged as the go-to provider of generative AI for many. Users have utilized its powerful models to generate various forms of content, including term papers, contracts, travel itineraries, and even entire novels.
During the conference, OpenAI is expected to announce updates aimed at reducing costs for developers and introducing new vision capabilities, according to Reuters. Cost reduction is crucial for partners who are concerned about the financial burden of utilizing OpenAI’s robust models while striving to build sustainable AI software businesses.
The new vision capabilities will empower OpenAI’s software to analyze and describe images, unlocking new possibilities in fields like entertainment and medicine. Additionally, an announcement regarding the fine-tuning of GPT-4, OpenAI’s most advanced AI model, may also be made. The company previously mentioned plans to release GPT-4 in the fall.
These updates are intended to incentivize companies to incorporate OpenAI’s technology into their development of AI-powered chatbots and autonomous agents, capable of performing tasks without human intervention. Altman views OpenAI’s indispensability to other app-building companies as a key strategic objective, sources familiar with his thinking affirmed.
By Anna Tong, Krystal Hu. Reporting from San Francisco. Editing by Richard Chang.
Anna Tong is a correspondent for Reuters based in San Francisco, where she reports on the technology industry. She joined Reuters in 2023 after working at the San Francisco Standard as a data editor. Tong previously worked at technology startups as a product manager and at Google where she worked in user insights and helped run a call center. Tong graduated from Harvard University. Contact:4152373211
Krystal reports on venture capital and startups for Reuters. She covers Silicon Valley and beyond through the lens of money and characters, with a focus on growth-stage startups, tech investments, and AI. She has previously covered M&A for Reuters, breaking stories on Trump’s SPAC and Elon Musk’s Twitter financing. Previously, she reported on Amazon for Yahoo Finance, and her investigation of the company’s retail practice was cited by lawmakers in Congress. Krystal started a career in journalism by writing about tech and politics in China. She has a master’s degree from New York University and enjoys a scoop of Matcha ice cream as much as getting a scoop at work.
