OpenAI announces new API updates: Lower prices, add steerable GPT-3.5-Turbo, GPT-4, and more

OpenAI has unveiled a number of upgrades to its ground-breaking generative AI models, GPT-3.5 Turbo and GPT-4, to expand AI capabilities in the workplace and make sure that all the upgrades to the models continue to prioritise data privacy and security.

GPT-3.5 Turbo and GPT-4 upgrades

OpenAI has announced the most recent GPT-3.5 Turbo and GPT-4 model changes. The upgrades feature a lower pricing structure, better steerability, extended context for GPT-3.5 Turbo, and a new function calling capability in the Chat Completions API.

Function calling ability

OpenAI provided developers with the opportunity to specify functions for the updated models and have the AI intelligently generate a JSON (JavaScript Object Notation) object with arguments for those methods based on developer input and feature requests. This improvement makes it possible for GPT's capabilities to interface with other tools and APIs more reliably, supporting more organised data extraction from the model.

Function calling enables developers to obtain structured data from the model more reliably. For example, they can:

• Create chatbots that respond to inquiries by contacting other programmes 
   
• Natural language may be converted into API requests or database queries
   
• Textual structured data extraction
   

The addition of function calling provides additional opportunities for developers as they can join the waitlist to gain access to GPT-4. These developers can also easily combine GPT models with other APIs or external technologies.

Improved models

The updated GPT-4 and GPT-3.5 Turbo versions include enhanced steerability and expanded context. Increased steerability might be used by developers to create AI applications that are more suited to the unique needs of a job or organisation, such as producing more focused business reports or constructing a longer body of material that can be understood and answered by the AI.

Lower pricing

With the recent advancements, OpenAI has reduced the cost of its cutting-edge embeddings model by 75 percent, making it more affordable than ever, and input tokens, particularly for gpt-3.5-turbo, by 25 percent, enabling users to do more on a budget. The cost of the GPT-3.5-turbo-16k will be $0.003 for input tokens and $0.004 for output tokens per 1,000.

With the most recent updates to its generative AI models, OpenAI is committed to constantly improving its platform and providing programmers with additional resources and chances to create advanced AI applications that can manage the complexity of modern workplaces.