OpenAI held their first DevDay event today for developers and announced some of their new artificial intelligence (AI) products. Attracting attention this morning is the new GPT-4 Turbo model which is an improvement to the GPT-4 announced last March.
GPT-4 Turbo has the ability to process 128,000 simultaneous context tokens which is equivalent to a 300-page prom. It has also been trained with more recent data up to April 2023. With this higher capacity, OpenAI also says that the input cost for each token has been reduced by three times while the output cost for each token has been reduced by two times.
Currently GPT-4 Turbo can be tested by developers only at this time with plans to offer it to paying customers in just a few weeks.
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