OpenAI, Backed by Microsoft, Launches GPT-4 Turbo: A Faster, More Affordable AI Breakthrough

Highlights to Know

• OpenAI CEO Sam Altman introduced GPT-4 Turbo, the newest AI model boasting improved speed, cost-efficiency, and enhanced capabilities compared to earlier versions.
• Supported by significant investments from Microsoft, OpenAI continues to lead innovation as the creator of ChatGPT.
• The AI market remains fiercely competitive with major players like Amazon, Meta, Google, and X striving to attract users.

At its recent developer conference, OpenAI revealed GPT-4 Turbo, its most advanced artificial intelligence model yet, designed to accelerate the company’s lead over competitors in the AI arena.

Microsoft-backed OpenAI announced that GPT-4 Turbo, available to users starting Monday, delivers faster performance and lower costs than previous models. This model incorporates data up to April 2023 and integrates existing AI features including voice and image generation tools like DALL·E 3.

CEO Sam Altman highlighted that ChatGPT now boasts 100 million active weekly users, with over 90% of Fortune 500 companies leveraging OpenAI’s technology.

While OpenAI provides a free ChatGPT version accessible via its website, it also offers premium subscriptions that grant organizations access to advanced features. Altman recently shared that the company is projected to reach $1.3 billion in annual revenue.

This launch arrives amidst intense competition from tech giants such as Alphabet (Google), Amazon, Meta, and X. Google introduced Bard earlier this year, Meta has enhanced advertising tools using AI, Amazon invested in Anthropic, and Elon Musk unveiled X's AI assistant, Grok.

The rollout of GPT-4 Turbo coincides with reports suggesting OpenAI may allow existing employees to sell shares valuing the company at $86 billion, although Altman has previously downplayed plans for an IPO.

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